Mumbai: The rupee strengthened by 9 paise to hit a four-week high of 64.78
against the US dollar today as bond yields fell 25 basis points after
the government announced lower-than-expected borrowing plan for the
first half of FY19.
The government said it will borrow Rs 2.88
lakh crore in the April-September period of 2018-19, lower than Rs 3.72
lakh crore it had borrowed in the first half of the current fiscal, and
introduce bonds linked to CPI or retail inflation.