The debt market has already been in correction mode for the past month, with traders running very light positions while FII selling has slowed down
Fall in reserves was due sharp fall foreign currency assets which are substantial part of reserves
The economy is likely to see a shallow recovery despite better monsoons and possible lending rate cuts
Profitability to be a big speedbreaker for meeting RBI's mandate of 25% of new bank branches in rural areas
Rupee trading at 60.46/47 compared with its previous close of 60.13/14
Call money rates ended lower due to lack of demand from borrowing banks
Rupee resumed strong at 60.00 to a dollar compared with the previous close of 60.21 and gained to as much as 59.91 as local stocks climbed
Asian currencies gained against the US dollar
The 8.20 per cent G-sec maturing in 2025 fell to Rs 103.72 from Rs 104.12 on Tuesday
Amid rising NPAs, the sector may face headwinds from higher provisioning, lower treasury gains & margin pressure
With global markets stabilising and market having corrected, it is now time to buy on dips
The currency up by nearly 0.6% on Tuesday on optimism that foreign funds would buy more Indian stocks
In the last two months, yields on US treasury have risen by 75-100 bps due to which Indian firms will now have to shell out more for raising dollar bonds
Banks bought dollars for government's defence needs and on worries that foreign investors would continue to exit domestic markets
Persistent capital inflows from foreign funds into equity market mainly boosted the rupee value against the dollar
Most economists expect status quo on key policy rate in the first quarter review of monetary policy on July 30
Strengthening of euro against the dollar in overseas market helps rupee
Fall in reserves was due to sharp fall in foreign currency assets which are the substantial part of reserves