The yields on the 10-year government bonds up 0.37% to 7.36% from its previous close of 7.33%.
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| CAPITALSTARS FINANCIAL ADVISORY COMPANY |
The Indian rupee opened lower for the fourth consecutive session against US Dollar weighed down by higher global oil prices. Presently, the currency is trading at 71.40/$ lower by 18 paise.
The yield on the 10-year government bonds is up 0.37% to 7.36% from its previous close of 7.33%.
On the economy front, India’s trade deficit widened in January from a month ago as a rebound in oil prices weighed on the nation’s import bill. The gap between exports and imports was $14.7bn in January, compared with $13bn in December, data released by the Commerce Ministry showed on Friday.
Meanwhile, exports rose 3.7% from a year ago to $26.4bn, compared to a 0.3% gain in December, while imports growth was flat yoy at $41.1bn vs. a 2.4% drop in the previous month
The local currency on Friday declined 7 paise to close at 71.23 against the greenback.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs71.25, while for the Euro it was at Rs80.41. The reference rate for the Yen stood at Rs64.55; the reference rate for Great Britain Pound (GBP) was Rs91.22.
The yield on the 10-year government bonds is up 0.37% to 7.36% from its previous close of 7.33%.
On the economy front, India’s trade deficit widened in January from a month ago as a rebound in oil prices weighed on the nation’s import bill. The gap between exports and imports was $14.7bn in January, compared with $13bn in December, data released by the Commerce Ministry showed on Friday.
Meanwhile, exports rose 3.7% from a year ago to $26.4bn, compared to a 0.3% gain in December, while imports growth was flat yoy at $41.1bn vs. a 2.4% drop in the previous month
The local currency on Friday declined 7 paise to close at 71.23 against the greenback.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs71.25, while for the Euro it was at Rs80.41. The reference rate for the Yen stood at Rs64.55; the reference rate for Great Britain Pound (GBP) was Rs91.22.
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