Rates at 3-year low; companies raised Rs 31,193 cr from market this financial year
Rainfall 35% above normal in seven days ended July 6
Signs that the world's big central banks will go even easier on monetary conditions have helped drive a recovery for stock markets
The overnight call money rates finished higher at 6.80% from last Thursday's closing of 6.10%
10-year bond yield was seen at 7.49%, while the Indian currency strengthened to 66.4175
This is because central bankers are driving almost all of the action, making it incredibly unpredictable
Finance Ministry announced repurchase of '1.44% Inflation Indexed Government Stock-2023' through reverse auction
Benchmark 10-year bond yield was down 3 bps at 7.49%, after earlier falling to 7.47% the lowest since July 2013
10-year benchmark eases 4 bps to 7.79%, while the rupee recovered to 68.7250
The fund raised will help the bank to meet global risk norms, Basel III, which will kick in from March 2019