Rupee logs best day since April 2 on RBI measures; bond yields near 7.4%, highest since March 2023

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The rupee on Monday logged its best single-day gain since April 2, rallying 96 paise, or more than 1%, to close at 95.75 against the US dollar, after the Reserve Bank of India (RBI) announced a slew of measures over the weekend to curb volatility in the foreign exchange market. However, the measures…