For Quick Alerts
For Daily Alerts

Rupee Moves Higher To 76.42, Bond Yield Lowers To 6.39% ; RBI Presser Provides Relief


Rupee in Friday's session opened high at 76.58, up 28 paise as against record low close in the previous session of 76.86 per US dollar.


But soon after the presser from the RBI managed to rise up to 76.42 levels and was last quoting at 76.49 per US dollar.

Earlier the losses in the currency were backed by gains in the dollar against a basket of major currencies as there was flight to safety due to US retail sales slump to record levels.

Rupee Moves Higher To 76.42, Bond Yield Lowers To 6.39%

In the bond market, the yield on 10-year benchmark government bonds stood at as against earlier close of 6.44%. Traders in the market are disappointed over government's record borrowing plan and today the government will sell 200 billion rupees ($2.6 billion) of bonds.

Now RBI has intervened with WMA limit and targeted LTROs that is seen to keep bond yields trade in a range.

Gold also sees a decline as dollar has held higher as a safe haven. It is seen to remain choppy with dollar being the preferred asset in uncertain times.

The curtailed timing for currency, commodity have been extended till April 30.

Read more about: rupee dollar bond market rbi
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X