India Rupee, Stocks, Bonds, Swaps (13-Jul)

India Rupee, Stocks, Bonds, Swaps (13-Jul)

13 Jul 2020 10:31 AM

RUPEE: The Indian rupee was at 75.1275/75.1375 to the dollar against 75.2000/75.2100 in the previous session, tracking an uptick in local shares and a broad decline in the dollar index ahead of a slew of economic data releases.

STOCKS: The benchmark BSE Sensex and the broader NSE both rose by 0.94% tracking gains in Asian equities and U.S. index futures. Index heavyweight Reliance Industries led the gains after selling a further stake in Jio Platforms. Infosys and ICICI Bank also added to gains.

GOVERNMENT BONDS: The benchmark 5.79% bond maturing in 2030 was at 100.10 rupees, yielding 5.78%, against 100.21 rupees, and a 5.76% yield at the previous close, as traders booked profits after last week’s rally. Investors awaited June headline retail inflation data due today.

INTEREST RATE SWAPS: The one-year swap rate and the benchmark five-year swap rate were at 3.60% and 4.12% against 3.64% and 4.17% at the previous close.