Rupee hits 3 month high, Bond yields cool to 6 month low | Editorji
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Rupee hits 3 month high, Bond yields cool to 6 month low

Nov 29, 2018 11:30 IST

The rupee rose to a three-month high against the dollar on Thursday while bond yields were at their lowest levels since early May. The move is prompted by comments from the U.S. Federal Reserve Chairman who said the Fed’s policy rate is now “just below” a level that neither brakes nor boosts a healthy economy - and a positive for riskier assets.