Advertisement

HindustanTimes Fri,19 Sep 2014

Bond yields at 21-month high

HT Correspondent, Hindustan Times  Mumbai, August 16, 2013
First Published: 21:34 IST(16/8/2013) | Last Updated: 21:35 IST(16/8/2013)

With the rupee hitting a record low of 62.03 against the US dollar on Friday, Indian benchmark government bonds yield rose to a 21-month high of 8.90% and closed the day 0.38 percentage points higher to 8.88%. It was the biggest single-day rise since July 16, the day after the RBI took its first cash-tightening steps.

Advertisement

Rise in bond yields reflects that interest rates in India are expected to move higher. Total volumes traded in the bond market continue to remain thin at Rs. 9,925 crore.

Bonds fell more after the RBI set higher-than-expected yield cutoffs at the weekly government bond auction and devolved part of the auction.


Advertisement
more from Business

Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved