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Sentiment: Bearish
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The rupee ended flat 46.34/35 against the dollar compared with Wednesday's close of 46.35/36
The local currency could not hold on to its intra-day high of 46.23 because of dollar buying by banks and gains in greenback globally |
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| Money market |
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Sentiment: Bearish
Gilt yields rose 3 bps to hit new four-year highs on Thursday
A likely fuel price hike next week and the Rs10,000 crore govt auction slated for next Tuesday weighed heavy on the market
Dealers fear that a fuel price hike will keep inflation concerns alive
Fears over a rate increase in the next Fed meeting is also pushing up the yields
The yield on the benchmark 10-year bond ended at 7.68 per cent, up from the previous close of 7.65 per cent |
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