Mumbai: Rupee The dollar fell on Monday to its lowest level in nearly a month, tracking losses in the stock market and weighed down by sharp gains in global crude oil prices. bond yields Pulled back from session high on short-covering.
Oil prices climbed to their highest level in nearly three weeks as fears of tight global supplies mounted, with a deepening crisis in Ukraine raising the prospect of heavy sanctions by the West on top exporter Russia.
India imports more than two-thirds of its oil requirements and rising prices drive up imported inflation and widen the country’s trade and current account deficits.
partially convertible rupee Was trading at 76.28/29 per dollar versus 76.1750 on Wednesday. Earlier in the session, it touched a low of 76.43, which is the weakest since March 22.
Indian financial markets remained closed on Thursday and Friday due to holidays.
The benchmark 10-year bond yield was trading down 3 basis points at 7.18% by 0828 GMT, from an earlier high of 7.26%.
“Stocks are also down significantly, so we saw some consolidation in bonds after a weak open. But with weekly supply, yields don’t fall much from here, unless RBI (RBI) does something, One said. Senior trader with a foreign bank.
Domestic indices touched three-week lows, easing Infosys’ quarterly profit estimates by 9% after IT stocks were hit by losses, while inflation concerns also weighed on sentiment.
annual wholesale inflation The rate rose to 14.55% in March, the data showed, completing a year in the double-digit region as firms grapple with rising input costs and passing on higher prices to consumers.
Rahul Bajoria, Head, said, “Supply constraints and price hikes in many input goods due to the Russia-Ukraine conflict will keep domestic inflation high in the coming months, due to the tightening of front-loaded monetary policy by the central bank.” will set the stage for it.” Economist at Barclays.
Oil prices climbed to their highest level in nearly three weeks as fears of tight global supplies mounted, with a deepening crisis in Ukraine raising the prospect of heavy sanctions by the West on top exporter Russia.
India imports more than two-thirds of its oil requirements and rising prices drive up imported inflation and widen the country’s trade and current account deficits.
partially convertible rupee Was trading at 76.28/29 per dollar versus 76.1750 on Wednesday. Earlier in the session, it touched a low of 76.43, which is the weakest since March 22.
Indian financial markets remained closed on Thursday and Friday due to holidays.
The benchmark 10-year bond yield was trading down 3 basis points at 7.18% by 0828 GMT, from an earlier high of 7.26%.
“Stocks are also down significantly, so we saw some consolidation in bonds after a weak open. But with weekly supply, yields don’t fall much from here, unless RBI (RBI) does something, One said. Senior trader with a foreign bank.
Domestic indices touched three-week lows, easing Infosys’ quarterly profit estimates by 9% after IT stocks were hit by losses, while inflation concerns also weighed on sentiment.
annual wholesale inflation The rate rose to 14.55% in March, the data showed, completing a year in the double-digit region as firms grapple with rising input costs and passing on higher prices to consumers.
Rahul Bajoria, Head, said, “Supply constraints and price hikes in many input goods due to the Russia-Ukraine conflict will keep domestic inflation high in the coming months, due to the tightening of front-loaded monetary policy by the central bank.” will set the stage for it.” Economist at Barclays.