Indian Currency Updates : 23.08.2016
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Debt market •
Government bonds plunged, as the elevation of new governor, seen as an inflation hawk, damped expectations of near-term monetary easing
• The benchmark 7.59% bond maturing in 2026 ended at | 102.92 against the previous close of | 103.31
• The benchmark 7.59% 2026 bond yield en ded at 7.16%, up 6 bps from its previous close.
Forex (US$/INR)
• The rupee fell to a near one-month low, tracking weakness in regional peers as the dollar strengthened over night on fresh speculations of a US Federal Reserve rate hike in coming months
• The dollar index against six major currencies ended almost flat at 94.52 as strength in major currencies ahead of the meeting of central bankers in Jackson Hole led to profit booking in the US dollar.
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Government bonds plunged, as the elevation of new governor, seen as an inflation hawk, damped expectations of near-term monetary easing
• The benchmark 7.59% bond maturing in 2026 ended at | 102.92 against the previous close of | 103.31
• The benchmark 7.59% 2026 bond yield en ded at 7.16%, up 6 bps from its previous close.
Forex (US$/INR)
• The rupee fell to a near one-month low, tracking weakness in regional peers as the dollar strengthened over night on fresh speculations of a US Federal Reserve rate hike in coming months
• The dollar index against six major currencies ended almost flat at 94.52 as strength in major currencies ahead of the meeting of central bankers in Jackson Hole led to profit booking in the US dollar.
