Rupee, bonds to rely on RBI to protect record low, key yield level
MUMBAI, Nov 10 (Reuters) – The Indian rupee and government bonds will yet again count on market interventions by the RBI (Reserve Bank of India) this week, to help keep the currency above its record low and protect the benchmark bond from falling sharply. The rupee closed at 88.66 against the U.S. dollar, up 0.1% on the week, supported by multiple dollar-selling interventions by the central bank. Lacklustre foreign portfolio flows, persistent dollar demand from local importers and renewed strength in the greenback have proven to be headwinds for the rupee over the last few weeks. Traders expect the currency