Rupee Closes Little Changed At 76.16 Against Dollar; India Bond Yield Rises 4bps
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Rupee Closes Little Changed ; India Bond Yield Rises
Rupee closes little changed at 76.16 against the U.S. dollar.
The Indian currency fell 0.2% during a volatile session.
10-year yield rose 4bps to 7.14%.
Yield on the 10-year bond surged 6bps to 7.16% during the session.
Source: Bloomberg
Rupee Little Changed, 10-Year Yield Rises
10-year bond yield rises to 7.15%
Yield on the 10-year bond surged 6bps to 7.16% during the session
Source: Bloomberg
Rupee Pares Losses; India Bond Yield Rises
Rupee pares losses; rises 0.1% to 76.14
Indian currency fell 0.20% to 76.36 during the session.
Source: Bloomberg
10-Year Yield Surges
Indian bonds snap a three-day rally ahead of a Rs 32,000 crore ($4.2b) of debt sale on Friday. The rupee is steady.
10-year yields rises 3bps to 7.13%; fell 11bps in the last three sessions led by short-covering and demand from banks.
Source: Bloomberg
Indian Rupee Trims Losses
Rupee fell 0.1% to 76.29 at the open. The Indian currency depreciated 0.2% to 76.36 during the session.
As of 10:21 a.m, the Rupee trimmed losses to 76.27%.
Source: Bloomberg
Indian Rupee Is Expected To Open Flat To Stronger: Reliance Securities
Rebound in U.S. dollar and benchmark bond yields could cap appreciation bias.
Rupee could open at around 76.15-76.16 compared with 76.21 on Wednesday's session.
Source: Reliance Securities note
Bond Traders Await Rs 32,000 Crore Debt Supply
Bond traders will watch if a Rs 32,000-crore rupee bond sale on Friday would dampen a rally in the nation’s debt this week that was led by short-covering and demand from banks.
10-year yields fell 5 bps to 7.11% on Wednesday, they’re down 11 bps so far this week
USD/INR dropped 0.4% to 76.2100 on Wednesday.
Global funds sold net Rs 3,010 crore of Indian stocks Wednesday: NSE
They sold Rs 370 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 332 crore of corporate debt.
State-run banks sold Rs 2,800 crore of sovereign bonds on April 20: CCIL data. Foreign banks bought Rs 52.48 crore of bonds.
Source: Bloomberg
Rupee Rose To 76.21; 10-Year Yield Fell To 7.11% On Wednesday
Indian rupee snapped a five-day losing streak to close with 0.39% gains at 76.21 against the U.S. dollar.
The Indian currency had appreciated 0.44% during the session.
10-year yield shed 5 basis points to close at 7.11%.
