Business Standard

Rupee drops on fear of rain hitting inflation

Related News

The on concern that will and spur food inflation.

The rupee declined 0.1 per cent to 55.3 per dollar in Mumbai. One-month implied volatility, a measure of exchange-rate swings used to price options, fell five basis points to 10.15 per cent.

Bonds remain lower
dropped on continued selling pressure from banks and corporates. The 8.15 per cent government security maturing in 2022 dipped to Rs 99.6 from 99.8 last Friday, while its yield rose to 8.2 per cent from 8.1 per cent.

Call rates recover
recovered at the overnight call money market on fresh demand from borrowing banks. The call money rate finished higher at 8.15 per cent from last Friday's closing level of eight per cent. It moved in a range of 8.1 per cent and 7.9 per cent.

Read more on:   
|
|
|
|
|
|

Read More

Rupee gains on better-than-expected GDP, euro rally

The Indian rupee rebounded from session lows to gain for the day after the economy grew more strongly-than-expected in the April-June quarter, while ...

Quick Links

More news from Finance Rss icon

Bank credit dropped in 1st half of October

Though credit demand has been tepid for several quarters, this fortnightly dip came just ahead of the Diwali week, the main festive season for ...

Rajan rate-cut bets spur Asia's biggest swap drop

The fixed payment to lock-in rates for a year using the derivatives fell 37 basis points this month, the most since September 2013, to 8.10%

YES Bank enters home loan business

Move follows RBI's decision to allow banks to raise long-term resources to finance affordable housing

Back to Top