Currency & Debt market : 29.08.2016

Currency &  Debt market : 29.08.2016

NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut   : SELL ZONE


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 • Government bond yields recorded their first weekly gain in nine weeks  as yields in emerging market economies eased ahead of the crucial  Jackson hole symposium
 • The benchmark 7.59% bond maturing in 2026 ended at | 103.11 against  the previous close of | 103.15
 • The benchmark 7.59% 2026 bond yield rose 1 bps to end at 7.13%  against the previous close of 7.12%. Forex (US$/INR)
  • The rupee was little changed against the dollar, as traders stayed  cautious in a thinly traded session ahead of a speech by the Federal  Reserve Chair on Friday evening
 • The dollar index against six major currencies posted gains and ended at  95.57, gaining 0.84% as the Fed chai r’s comments on an improvement in  the economy and a strengthening case for a rise in the federal funds rate  supported the US dollar over major currencies.

Read more at: http://www.moneycontrol.com/news/brokeragerecos-currencies/buyus36inrseptemberfuttargetof6765-6785icicidirect_7357521.html?utm_source=ref_article
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