The yield on 10-year government bonds rose 0.45% to 7.44%.
The Indian rupee opened slightly higher on Monday against the US dollar after trade deficit narrowed from a month ago due to a sharp fall in gold imports. The rupee was trading up 6 paise at 71.84 a dollar.
Meanwhile, yields on 10-year government bonds rose 0.45% to 7.44%.
On Friday, the local unit declined by 22 paise against the US dollar. The rupee came under pressure following strengthening of the dollar against major currencies overseas.
On the economy front, the gap between exports and imports reached $16.7bn in the month, compared with $17bn in October, data released by the commerce ministry showed on Friday. The gap was wider than the $15bn median estimate in a Bloomberg survey of 20 economists.
On the international front, investors are focusing on the Federal Open Market Committee (FOMC) meeting due December 18-19.
RBI's reference rate for the dollar stood at Rs71.73, while for the euro, it was at Rs81.46. Further, its reference rate for the yen stood at Rs63.20, while that for the British pound sterling, it was at Rs90.58.
Meanwhile, yields on 10-year government bonds rose 0.45% to 7.44%.
On Friday, the local unit declined by 22 paise against the US dollar. The rupee came under pressure following strengthening of the dollar against major currencies overseas.
On the economy front, the gap between exports and imports reached $16.7bn in the month, compared with $17bn in October, data released by the commerce ministry showed on Friday. The gap was wider than the $15bn median estimate in a Bloomberg survey of 20 economists.
On the international front, investors are focusing on the Federal Open Market Committee (FOMC) meeting due December 18-19.
RBI's reference rate for the dollar stood at Rs71.73, while for the euro, it was at Rs81.46. Further, its reference rate for the yen stood at Rs63.20, while that for the British pound sterling, it was at Rs90.58.
No comments:
Post a Comment