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:   
|
|
|
|
|
|

Rupee drops on fear of rain hitting inflation

The rupee declined on concern that inadequate monsoon rainfall will hurt farm output and spur food inflation.

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.

image

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 ...

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

Naresh Takkar replaces Roopa Kudva in RBI panel for payments banks licences

The reshuffling happened after Roopa Kudva, former MD & CEO, CRISIL withdrew from the committee

Sudhir Valia's Fortune Financial acquires investment banking outfit

A majority stake in Inga Capital has been acquired, show filings

Loan recovery eludes banks, even as growth rate beats China

While banks said more companies made inquiries, there was no substantial rise in loans

Back to Top