The Indian rupee is expected to respond to the announcement of reciprocal tariffs from the United States this week, as investors assess how these tariffs could affect global trade and growth prospects. Meanwhile, government bond yields are anticipated to decrease.
The rupee closed at 85.47 against the U.S. dollar on Friday, gaining 2.3% in March, supported by an increase in dollar inflows driven by seasonal corporate activity and foreign portfolio investments.
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