RUPEE:The Indian rupee stayed higher at 75.43/75.44 to the dollar in Mumbai against 75.61/75.62 in the previous session, as regional risk aversion eased after better-than-expected China manufacturing data and as local equities extended gains.
STOCKS: The benchmark BSE Sensex and the broader NSE index extended gains and were 3.41% and 3.75% higher, respectively, as Asian equities rebounded amid an unexpected advance in China’s factory data. Index heavyweight Reliance Industries, HDFC Bank and ICICI Bank led the gains.
GOVERNMENT BONDS: The benchmark 6.45% bond maturing in 2029 stayed higher at 102.28 rupees, yielding 6.13%, against 101.71 rupees and 6.21% yield at previous close, as the government opened up foreign investment without any cap for some securities that includes the benchmark note, with effect from tomorrow.
INTEREST RATE SWAPS: The one-year swap rate was one basis point lower at 4.26% against 4.27% at previous close, while the benchmark five-year rate was nine bps lower at 4.67% from 4.76% at previous close.
26 May 2020 11:45 AM
Indian shares rose about 1% on Tuesday, lifted by gains in conglomerate ITC and beaten-down financial stocks, and supported by buoyant Asian peers as investors cheered the reopening of some economies amid hopes for stimulus.
26 May 2020 11:15 AM
The yuan edged higher against the U.S. dollar on Tuesday as risk appetite improved
26 May 2020 10:46 AM
Gold ticked higher on Tuesday as brewing Sino-U.S. tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus-induced lockdown restrictions supported equities and capped bullion's gains.
26 May 2020 10:34 AM
The Indian rupee was at 75.71/75.72 to the dollar, against 75.95/75.96 in the previous session
26 May 2020 09:45 AM
Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world.
26 May 2020 09:17 AM
The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies