Currency

The Indian rupee dropped on Monday, losing instigation from JPMorgan’s addition of Indian bonds in its indicator, amid pressure due to bone demand from importers and high U.S. yields. The rupee was at 83.12 against the U.S. bone by 1100a.m. IST compared with 82.93 in the former session. The bone indicator was largely flat in…

Following JPMorgan Chase & Co.’s announcement that it will be including Indian government bonds in its benchmark emerging-market index, the value of the Indian rupee and 10-year bonds both increased on September 22. The local currency was up 0.26 percent from its previous close of 83.09 at 9.10 a.m. Opening prices for the local currency…