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Indian Rupee Plunges Again As US Treasury Yields Hit 5%

Indian Rupee Plunges Again As US Treasury Yields Hit 5%

The Indian Rupee (INR) plunged as 10-year US Treasury yields hit a 19-year high of 5%, strengthening the Greenback. Surging oil prices and firming Federal Reserve rate hike expectations further pressure the currency as domestic inflation rises.

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