Indian Rupee, Stocks, Bonds And Swaps (04-May-2021)

Indian Rupee, Stocks, Bonds And Swaps (04-May-2021)

04 May 2021 10:37 AM

RUPEE: Indian rupee was trading higher at 73.81/73.82 compared to 73.92/73.93 in the previous session, amid Dollar selling by three large foreign banks to capture the spike in near-term forward premiums.

STOCKS: The benchmark BSE Sensex rose 0.07% and the NSE index was up 0.09% amid mixed Asian peers and focus on US inflation and growth. ICICI Bank and Kotak Mahindra Bank were among the top gainers and Reliance industries was the top loser.

GOVERNMENT BONDS: The benchmark 5.85% bond maturing in 2030 was trading lower at 98.89 rupees, yielding 6.00%, compared to 98.91 rupees and 6.00% yield at the previous close, as traders locked in gains and anticipated the state debt sale.

INTEREST RATE SWAP: The one-year swap rate was trading 1 basis points lower at 3.72% compared to 3.73% at previous close, while the benchmark five-year swap rate fell 2 basis points at 5.14% compared to 5.16% earlier.