The Indian Rupee rose 2% last week, closing at 94.96, its largest weekly gain since March, driven by the central bank's currency stabilization measures. However, the Indian 10-year government bond yield climbed for the ninth consecutive week, rising 8 basis points to 7.3789% last week, marking the longest streak of increases since LSEG began recording data, with a cumulative rise exceeding 60 basis points. Market bets on a 50 basis point rate hike by the Reserve Bank of India (RBI) at its December meeting have significantly increased, aimed at countering inflation pressures from rising oil prices, highlighting a deep contradiction between the currency and bond markets.