Rupee Touches 6-Week High Against Dollar; Will It Help Improve India's Trade Deficit? Jamal Mecklai

India Tonight: The Indian rupee has hit its 6-week high - to close around 83.1 against the dollar. This is on the back of dollar sales from foreign banks and net FPI buying of over 4,600 crore rupees in the markets. At the same time, the 10-year bond yield jumped to 7% in the last session, on the back of the bumper Dividend cheque written out by the RBI to the government. So, will all these cues, combined with the new life high on the bourses, help improve India's trade deficit?
To discuss this further, Vikram Oza talks to Jamal Mecklai, Managing Director, Mecklai Financial Services on this edition of India Tonight. Listen to this conversation.
#indianrupee #fpi #rbi #rbidividend #etnow #indianbonds #trending #topnews #stockmarket #businessnews #sharemarketnews
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