Rupee plunges 45 paise to 74.20 against dollar in early trade amid weak opening in domestic equities, foreign fund outflows
The rupee opened weak at 74.10 at the interbank forex market and then fell further to 74.20, down 45 paise over its last close.
Bonds gain as RBI widens special open market operation; benchmark 10-year yield drops by 3 bps to 6.48%
The Reserve Bank of India’s move to widen its third special open market operation (OMO) helped bonds rise on Friday but worries over a likely fiscal slippage and a surge in global crude prices capped the gains
At the time of the first simultaneous OMO announced, the 10-year yield was 6.75 percent and after the two rounds of Operation Twist has come down to 6.51 percent.
Rupee starts New Year on positive note, rises 7 paise to 71.29 against dollar on US-China trade deal hopes
Traders said the rupee gained support amid positive developments on the US-China trade deal front.
Rupee rises 6 paise to 71.70 against dollar in early trade amid fresh foreign fund inflows, easing crude oil prices
At the interbank foreign exchange, the rupee opened at 71.77, showing a decline of just 1 paise over its previous closing.
Rupee slips 9 paise to 71.03 against dollar in early trade amid rising oil prices, US-China trade dispute concerns
The rupee however pared the initial loss and was trading flat at 70.94 against the US dollar at 1012 hours.
RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das
While the RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.
Rupee falls by 30 paise to 69.80 on strong dollar, rising crude prices; sell-off in domestic equities adds pressure on domestic unit
Besides, weak Asian currencies and an intense sell-off in domestic equities also put pressure on the rupee.
10-year bond yield at over one-year low on fall in oil prices, RBI’s announcement of another round of open market operations
India’s benchmark 10-year bond yield at 7.16%, its lowest level since April 9, 2018. It had ended at 7.23% on Friday.
Persistent rise in bond yields is likely to shave Rs 30,500 crore from the banks' balance-sheets in the current financial year, with state-run lenders being the worst hit, warns a India Ratings report
Most sector indices are heading to new highs and money continues to pour in domestic equity funds
Traders expect bond yields to rise further as state-run banks, usual buyers in secondary market, sit on heavy losses.
The soft data has raised expectations that the RBI will cut its policy repo rate by 25 bps at its next policy meeting on 1-2 August, with some traders speculating a move ahead of that