Market News
Rupee shielded by cenbank intervention, higher US bond yields weigh on Asia FX - REUTERS
MUMBAI, Oct 22 (Reuters) - The Indian rupee was nearly unchanged on Tuesday as likely intervention by the Reserve Bank of India supported the currency amid pressure from the rise in U.S. bond yields, which prompted declines in most Asian currencies.
The rupee was nearly unchanged at 84.0675 against the U.S. dollar as of 10:30 a.m. IST, compared with its close at 84.0725 in the previous session.
The currency had touched its all-time low of 84.0775 last week.
