Rupee marks biggest gain in one year on strong foreign inflows
August also marked the first month this year when overseas investors turned net buyers of India’s government debt. On the day, yield on the 10-year paper dropped 6 basis points to 7.1893%.HSBC analysts became more optimistic about the rupee, citing a pullback in commodity prices and return of inflows supporting the currency, in addition to support from the country’s central bank.
