Business Standard

Re advances the most in almost a week

Related News

The advanced the most in almost a week as prospects that the US central bank will ease boosted the outlook for inflows into the nation’s higher-yielding assets. The rupee advanced 0.7 per cent to 55.14 per dollar in Mumbai, according to data compiled by Bloomberg. Three-month offshore non-deliverable forwards contracts traded at 56 a dollar, compared with 56.30 yesterday. Forwards are agreements to buy or sell assets at a set price and date. are settled in dollars.

Bonds react downwards
reacted downwards on heavy selling pressure from banks and companies. The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.56 previously, while its yield edged up to 8.30 per cent from 8.29 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 100.42 from 100.55, while its yield moved up to 8.09 per cent from 8.07 per cent. The 8.19 per cent government security maturing in 2020 slid to Rs 100.23 from Rs 100.35, while its yield gained to 8.15 per cent from 8.13 per cent.

Call rates end lower
The ended lower here on Thursday due to lack of demand from borrowing banks, amidst ample liquidity in the banking system. It finished lower at eight per cent from yesterday’s closing level of 8.10 per cent. It moved in a range of 8.20 per cent and 7.95 per cent.

Read more on:   
|
|
|
|

Read More

Rupee pares initial gains, still up 3 paise at 55.55/dollar

The rupee pared its initial gains to trade higher marginally by 3 paise to 55.55 against the American currency in the late morning trade on fresh ...

Quick Links

More news from Finance Rss icon

Bank FD scam gets bigger, 9 FIRs filed

Total scam in collusion with middlemen is estimated at over Rs 700 cr. Probe is on in 10 more cases

Hopes of rating upgrade set to strengthen rupee

Growth in India's gross domestic product for the June quarter of 2013-14, as well as for the entire 2014-15, was 4.7%

Sharp rate cuts by central bank possible from 2015

RBI committed to bringing down CPI-based inflation to 8% by January 2015 and 6% by January 2016

Back to Top