![Rupee Closes at all-time Low of 77.74 against USD amid Elevated Oil Prices Rupee Closes at all-time Low of 77.74 against USD amid Elevated Oil Prices](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYJCm5Na420E6cgtQL1jFQ4qN8UGZ1qoCdmPcNl5KUV-yWw6y8Roxg8LWMoUUNjIETnwCaf9VkNG_HxvtRTuQKt87mwVIUUOKEIHmW_bpWM2cNo-a5h9pPrsI3WUgvExtXG6SIfjhruGMLYBf1k93r1idCCg1sqEJmCh_yoOQP3gXyFEW49xYuJ3PMPw/w320-h200-rw/rupee%20currency%20money.jpg)
- Apart from that the hike in policy repo rate by 50 basis points in line with market expectations and maintaining the status quo on banks’ cash reserve ratio, also plays a role in the volatility of the currency.
- According to the Clearing Corporation of India (CCIL) data, at the open, the yield on the 10-year government bonds was 7.51% and closed the day at 7.49%.
- The market had priced in the quantum of the repo rate hike, which in turn gave elevated levels of inflation. Bond yields are expected to move in a range for a certain period.
- As of now during the current policy, the 10-year yield was broadly stable between 7.47 and 7.5%.
- In near future, the yield could move up to 7.75-8% as the RBI moves towards the calibrated withdrawal of liquidity.
Question:
Q.1 According to recent data Rupee closes at an all-time low of_________against USD due to elevated oil prices?a. 77.73
b. 77.74
c. 76.05
d. 78.01