Rupee, bond yields seen in narrow range as 2022 ends
Live MintThe Indian rupee and government bond yields are expected to trade in a narrow range amid thin volume this week, the last of 2022, due to the lack of major triggers, with the rupee also likely to continue to benefit from the central bank's support. Indian government bond yields, too, may remain largely rangebound in thin trading volume as the majority of market participants stay away near the end of the quarter, and year. Sentiment weakened last week after the minutes of the RBI's latest meeting showed policymakers remained worried about inflation and said a premature pause in monetary policy would be a costly policy error at this juncture. The benchmark bond yield is definitely near its top-end and once market participants resume active trading, we may see the yield easing from January," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank.