India Rupee, Stocks, Bonds, Swaps (08-April)

India Rupee, Stocks, Bonds, Swaps (08-April)

08 Apr 2021 10:45 AM

RUPEE: Indian rupee was trading stronger at 74.3490/74.3530 compared to 73.55/73.56 in the previous session, supported by exporters’ dollar sales following the pair’s worst performance in almost 1-1/2 years.

STOCKS: The BSE Sensex rose 0.82% and the NSE index was up 0.84% tracking upbeat regional equities and US index futures after the Fed increased hopes of a stronger economic recovery in the US. HDFC, Tata Consultancy Services and Infosys were among the top gainers.

GOVERNMENT BONDS: The benchmark 5.85% bond maturing in 2030 was trading higher at 98.50 rupees, yielding 6.06%, compared to 98.32 rupees and 6.08% yield in the previous session amid upbeat sentiment following RBI’s bond purchase announcement.

INTEREST RATE SWAP: The one-year swap rate fell 3 basis points at 3.81% compared to 3.84% in the previous session, while the benchmark five-year swap rate was down 2 basis points to 5.18% compared to 5.20% at previous close.