 "Last financial year was a great one for rupee and bonds")
At the end of the financial year 2016-17, rupee stood at 64.85 a dollar and the yields of the 10-year government bond at 6.68 per cent, both rallying considerably higher than their year’s start.
The rupee had started the last fiscal year at 66.21 a dollar and the bond yields were at 7.47 per cent. As bond yields fall, prices of bonds rise. For every one basis point movement, bond prices generally move by about 6-7 paise.
Meanwhile, credit growth in the system continued to remain tepid due to lending aversion by the lenders on bad debt concerns
The rupee had started the last fiscal year at 66.21 a dollar and the bond yields were at 7.47 per cent. As bond yields fall, prices of bonds rise. For every one basis point movement, bond prices generally move by about 6-7 paise.
Meanwhile, credit growth in the system continued to remain tepid due to lending aversion by the lenders on bad debt concerns
