The Indian rupee snapped a four-day losing streak on Tuesday as the dollar eased and oil prices tumbled, but a report stating local bonds may not be considered for listing on a major global index this year capped gains.
The partially convertible rupee ended up just 0.05 per cent at 81.58 per dollar, having touched a session high of 81.31. The currency had hit a record low of 81.6525 on Monday after declining for four straight days.
The rupee eased to a near record low and Indian bond yields rose after Reuters exclusively reported local government bonds will likely only be included
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