Rupee Volatility Drops as Foreigners Resume India Debt Purchases

  • Overseas funds buy 3.2 billion rupees of Indian bonds Monday
  • Yield on 10-year sovereign notes falls to lowest since May 17

A gauge of expected swings in India’s rupee fell to a two-week low on optimism the impact of Brexit on local financial markets will be limited and the nation’s relatively higher bond yields will continue to lure investors.

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