India Rupee, Stocks, Bonds, Swaps (04-Dec)

India Rupee, Stocks, Bonds, Swaps (04-Dec)

04 Dec 2020 10:44 AM

RUPEE: Indian rupee was trading at 73.73/73.74 compared to 73.90/ 73.91 in the previous session, as the Dollar Index continued to decline in anticipation of the U.S. monthly non-farm payrolls report. The MPC has left the rates unchanged and maintained its stance on Rupee. The news did not have much impact on the Rupee.

STOCKS: The benchmark BSE Sensex and NSE index touched record highs and were up 0.7% and 0.72%, respectively, as the Monetary Policy Committee kept interest rates unchanged at 4% and continued with its accommodative stance at least into the next financial year. Asian equities were broadly mixed ahead of the U.S. monthly employment report. ICICI Bank, HDFC Bank and Larsen & Toubro were among the top gainers.

GOVERNMENT BONDS: The benchmark 5.77% bond maturing in 2030 was trading higher at 99.10 rupees, yielding 5.89%, compared to 98.81 rupees, yielding 5.93%, at previous close, following the RBI announcing some additional measures to assure market access to liquidity and continuing OMO.

INTEREST RATE SWAPS: The one-year and the benchmark five-year swap rates were trading lower at 3.66% and 4.47%, respectively, compared to 3.69% and 4.48% yesterday.