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Investors react to unexpected inflation surge and sluggish GDP growth, fearful of stagflation

Transfer. the thought of having to be here for another month is already close to unbearable. and i not wanted to go to things like even my own graduation. just out of intimidation for the fact that i know that something like this, that happens at almost every ceremony will happen there. >> as you can see and hear behind me, bret, the protests are far from over. and the nypd continues to move more of its officers into this area. back to you. >> bret: c.b. cotton in new york. c.b., thanks. again, we are waiting and monitoring that press conference from the new york city mayor eric adams about wh...

Rupee Rate: The rupee closed at 83.4125 against the U.S. dollar, down nearly 0.3% compared with its close at 83.1850 in the previous session.

Indian government bond yields jumped on Friday, with the benchmark yield posting its biggest single-day rise in six months, tracking U.S. yields after elevated inflation reaffirmed doubts over interest rate cuts in the near future.

The Indian rupee closed higher on Wednesday, aided by likely inflows and lower U.S. bond yields, while state-run banks' dollar appetite constrained the local currency's gains after it touched the strongest level in nearly three weeks.