lunes, 26 de agosto de 2019

Explained: The Chinese connection to the falling rupee | Explained News, The Indian Express

Written by Sandeep Singh |Edited by Explained Desk |New Delhi |Published: August 26, 2019 5:10:40 pm

Explained: The Chinese connection to the falling rupee

On Monday the rupee reeled under global pressure as markets remained concerned over an escalation of the trade tariff war between the United States and China

bond yields, what are bond yields, yield curve, what is yield curve, yield inversion, what is yield inversion, government bonds, corporate bonds, indian express explained — Normally, the rupee moves in line with the movement of the stock market, as a positive development impacts both the currency and the bourses in a similar manner.

Even as the Sensex at the Bombay Stock Exchange rose by over 800 points, or 2.2 per cent, on Monday following the Finance Minister’s announcement on Friday to roll back the surcharge on FPIs along with other measures aimed at improving liquidity in the market and lift sentiment, the Indian rupee fell sharply by up to 40 paise against the dollar to hit 72.05.