The rupee gained the most in three months as economic reports bolstered confidence in the global economic recovery and crude oil prices retreated, helping lower the nation’s import bill.The rupee rose 0.7 per cent to 44.9450 per dollar as of the 5 pm close in Mumbai, according to data compiled by Bloomberg.
Bonds gain
11-year bonds advanced a second day after the government vowed to reduce the budget deficit for the fiscal year beginning April 1.
The yield on the 8.13 per cent bond due September 2022, the government’s most-traded debt, fell one bps to 8.08 per cent as of the 5 pm close in Mumbai.
