Rupee, government bonds expected to climb
By Vaibhav Aggarwal
Oct 1, 2013
Print    Email    RSS   

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.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #4
PPF- How good an investment option!!
How to check balance in savings bank account
Savings account portability: How...
Credit profile and its effect on loan...

How to know Andhra Bank account holder name and...
SK AFTAB AC/ NO:33316067146 IFC CODE : SBIN0001792...
last six months statement

HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive