INSUBCONTINENT EXCLUSIVE:
INR Vs USD: Rupee was weaker at 70.89 to the dollar tracking Asian peers.MUMBAI: Bonds rose to over 8-month highs as rate hike fears faded
after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate
stance if inflation risks do not mature.The 10-year benchmark bond yield fell to as low as 7.38 per cent, its lowest since April 11 and
compared with its previous close of 7.44 per cent.The rupee was weaker at 70.89 to the dollar tracking Asian peers, compared with 70.46 on
Most Asian currencies fell on concerns over slowing global growth and a lack of resolution in the China-US trade war.The Reserve Bank of
India kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took
steps to persuade banks to lend more in order to support an economy that has lost some momentum.For the latest News Live Updates on
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