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India’s rupee fell to a record low past 86.5 per dollar
US bond yields climb as strong economy fuels Fed rate risk; hit Indian rupee, share market US bond yields near 5 percent as strong economic data fuels Fed rate concerns, pressuring global markets. India’s rupee fell to a record low past 86.5 per dollar, while the Nifty 50 fell 1.5 percent amid tighter financial conditions.
US bond yields are climbing sharply, with the benchmark 10-year Treasury yield nearing 5 percent, as robust economic data strengthens expectations of prolonged high interest rates by the Federal Reserve. While US government bonds are typically considered safe assets, their prices are under pressure, facing risks from the prospect of higher rates, which reduce the appeal of existing bonds.
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