Arab Today, arab today india stocks rupee gain bonds slip
Last Updated : GMT 06:23:53
Arab Today, arab today
Arab Today, arab today

India stocks, rupee gain; bonds slip

Arab Today, arab today

Arab Today, arab today India stocks, rupee gain; bonds slip

New Delhi - Arabstoday

The Indian rupee climbed against the US dollar yesterday, helped by advances in the euro and strong gains in local stocks. The dollar was at Rs55.36 late yesterday in Asia, compared with Rs55.64 late Tuesday. The European common currency edged up against the dollar ahead of the European Central Bank’s rate-setting meeting, with some investors anticipating monetary easing. This, along with hopes of another round of fresh stimulus measures by the US Federal Reserve, pushed risky assets higher. Indian shares were among the best performers in Asia yesterday-the benchmark Sensex rose 2.71% to 16,454.30 — thanks to positive regional markets after Australia showed better-than-expected expansion in the economy. Still, traders warn of currency-market jolts ahead of the outcome of June 17 Greek polls. A Scotiabank note downgraded its near-term outlook on the rupee, mainly due to financial-market upheaval, “the effects of which have been intensified by the fundamental weakness of the rupee.” “This [rupee’s weakness] is a direct result of a lack of natural rupee demand onshore, due to India’s wide current-account deficit,” Scotiabank said. In the government debt market, bonds ended lower as expectations of monetary easing in Europe and the US encouraged investors to pile into riskier assets. The benchmark 8.79% 2021 bond ended at Rs102.68, compared with Rs102.94 on Tuesday. Trading volumes nearly halved. Traders pared holdings in government paper, particularly the benchmark note, ahead of an Rs150bn bond sale tomorrow The central bank will auction a new benchmark bond maturing in 2022, which will make the current 2021 paper illiquid. Over the next two weeks, bonds may find support from hopes of an interest rate cut.from gulf times.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india stocks rupee gain bonds slip Arab Today, arab today india stocks rupee gain bonds slip

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday