|Day's range||64.68 - 64.975|
|52-week range||63.2100 - 66.8900|
The 10-year benchmark bond yield has been rallying higher after the latest MPC minutes. I expect the trend to sustain while today's range would be 7.72-7.78 percent, says Bhaskar Panda of HDFC Bank.
The rupee took another beating after a brief solace and plunged by a staggering 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers rushed to cover unhedged positions amid fears over an imminent Fed rate hike.
India's benchmark 10-year bond yield rose as much as 11 bps in early trade to 7.82 percent. Yield was at 7.78 percent at 0353 GMT.
Indian bonds and the rupee weakened on Thursday morning after minutes of the central bank's February monetary policy meetings released on Wednesday showed increased concern among members on the accelerating ...
Recent negative developments in Indian banking sector has put pressure on the rupee. The USD-INR is expected to trade in a range of 64.75-65.05 for the day, says Mohan Shenoi of Kotak Mahindra Bank.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 90.6583 and.60.17 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.
It plunged to hit a fresh three-month low of 64.95 in intra-day levels - its lowest since November 22 - tracking overnight greenback strength.
The rupee opened sharply lower at 64.90 per dollar against yesterday's close of 64.79 at the inter-bank foreign exchange here.
TCS, HCL Tech, Tech Mahindra and ITC were the top gainers, while Sun Pharma, IndusInd Bank, and Hindalco lost the most.
Volatility hit the domestic currency market as overall sentiment turned shaky following heavy offloading in portfolios by foreign investors and global traders in local equities.
Mumbai, Feb 20 (IANS) Weak global cues, coupled with a declining rupee and prolonged outflow of foreign funds, pulled the key Indian equity indices lower on Tuesday.
Mumbai, Feb 20 (IANS) Weak global cues, coupled with a declining rupee and prolonged outflow of foreign funds, pulled the key Indian equity indices lower on Tuesday. The key indices, which opened on a ...
The home currency hit an intraday low of 64.86 against the dollar, before closing at 64.79, 0.90 percent lower than its previous closing price.
Benchmark indices slipped more than 1.5 percent in three consecutive sessions, and lost around 7 percent in three weeks from all-time record closing highs on January 29, 2018.
The Indian rupee slid to a near three-month low on Tuesday amid growing concerns about an alleged major bank fraud at India's second-largest state-run lender, whilst emerging stocks fell half a percent. The rupee fell 0.9 percent against the dollar to its weakest since mid-November as investors eyed the potential broader implications from the alleged $1.77 billion Punjab National Bank (PNB) loan fraud. Investors have also been unsettled by India's trade deficit hitting its highest in over 4-1/2 years in January.