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via thehindubusinessline.comMarkets

After US midterms, Indian G-Secs rally and rupee gains

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

The Government Securities (G-Secs) market rallied on Wednesday, tracking falling US Treasury yields and dip in crude oil prices amid the Democrats winning control of the US Congress in the mid-term elections. The rupee too gained ground as the US dollar weakened

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFalling US yields and oil support Indian government bonds and emerging-market currencies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Indian G-Secs rallied, tracking falling US Treasury yields.
  2. 02The rupee gained as the US dollar weakened.
  3. 03Democrats won control of the US Congress in the midterm elections.

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