NEWS & ADVICE : SAVINGS ACCOUNTS
Rupee, government bonds expected to climb
By Vaibhav Aggarwal
Oct 1, 2013
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There is a hope in the strengthening of the rupee this week. Month-end dollar request arrives at a finish and the Reserve Bank of India's later measures might help pull in dollar streams. Then again, government security yields are relied upon to ascent from the present levels; with less ravenousness because of RBI's later repo rate expand in the mid-quarter fiscal approach audit. On Friday, the rupee finished at 62.50 to the dollar, contrasted and Thursday's 62.08; it debilitated in spite of RBI intercession.

Then again, the yield on the 10-year benchmark government security of 7.16% being finished in 2023, got stable at 8.71%, contrasted and Thursday's 8.72%. For the final quarter of the past monetary year, it was 3.6% of GDP. On Tuesday, the rupee could touch 63 to a dollar, said coin merchants. On Friday, there was devolvement on essential merchants in the new 17-year government bond closeout, of Rs 291 crore.


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