Rupee, Bonds Surge After Easing Inflation Fuels Rate Cut Hopes

INSUBCONTINENT EXCLUSIVE:
INR Vs USD: Rupee was at 71.70 to the dollar, compared with last closing of 72.01.MUMBAI: Bonds rose on Thursday after inflation eased
sharply in November, bolstering expectations of a rate cut sooner than expected, while the rupee also strengthened as global trade tensions
eased.The 10-year benchmark bond yield fell to 7.38 per cent in early trade from 7.41 per cent in the previous session, while the rupee was
at 71.70 to the dollar, compared with 72.01 on Wednesday.Inflation in November fell to a 17-month low of 2.33 per cent, driven by falling