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Rupee Gains to ₹85.03 per Dollar; RBI Bond Sale and OMO Plans

29 April 20251 min read
ECONOMYRupee Gains to₹85.03 per Dollar;RBI Bond Sale andOMO Plans29 April 2025safalsetu.com

Why in the news

The rupee strengthened as the dollar weakened worldwide, while bond yields edged up and RBI lined up fresh liquidity operations.

Key facts

  • Rupee gain: 0.51% in April 2025, 0.68% year-to-date.
  • April 28: ₹85.03/USD, up 0.49%; psychological support at ₹85 is watched.
  • Biggest 2025 gain: April 11, up 0.75% to ₹86.05.
  • Dollar Index: down 0.1% to 99.6.
  • 10-year bond yield: up 4 bps to 6.40% on profit booking and geopolitical caution.

Upcoming RBI action

  • New 10-year government bond in the weekly auction; target ₹30,000 crore.
  • OMOs totalling ₹1.25 lakh crore on May 6, 9, 15 and 19, for liquidity management and yield stabilisation.

Outlook

Yields may stay volatile.

Exam angle

  • Terms: Dollar Index, OMO, bond yield.

Test yourself

1. At what level did the rupee stand against the US dollar on April 28, 2025?

The rupee stood at ₹85.03 per USD, a 0.49% gain for the day.

2. What was the 10-year Indian benchmark bond yield after rising 4 basis points?

The 10-year yield rose 4 bps to 6.40%.

3. RBI's planned OMOs in May 2025 totalled how much?

Planned OMOs totalled ₹1.25 lakh crore on four dates.

This topic is part of Daily Current Affairs 29 April 2025 (22 topics).

All topics of the dayDay quizApril 2025

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