 "treasury bills, Bonds, yield curve, banking system")
Indian equities, the rupee, and bonds posted strong gains in April, weathering global uncertainty triggered by US retaliatory tariffs, now largely on hold. The Sensex rebounded nearly 10 per cent from the month’s lows to close 3.7 per cent higher, reversing an over 7 per cent drop. The Nifty Midcap 100 rose nearly 5 per cent. India’s market capitalisation jumped by ₹10 trillion to ₹423 trillion ($5 trillion).
The rupee extended its recovery from February’s record low of 87.95 a dollar, rising 2 per cent in March and 1.16 per cent in April. It is up 1.33 per cent in
