Indian Rupee, Stocks, Bonds And Swaps (12-May-2021)

Indian Rupee, Stocks, Bonds And Swaps (12-May-2021)

12 May 2021 10:38 AM

RUPEE: Indian rupee was trading lower at 73.46/73.47 compared to 73.34/73.35 in the previous session, tracking weak Asian markets on concerns over US inflation prompting the Fed to hike interest rates sooner than expected.

STOCKS: The BSE Sensex fell 0.89% and the NSE index was 0.85% lower tracking Asian peers ahead of US inflation data. HDFC, ICICI Bank and Reliance Industries were among the top losers.

GOVERNMENT BONDS: The benchmark 5.85% bond maturing in 2030 was trading higher at 98.89 rupees, yielding 6.00%, compared to 98.86 rupees and 6.01% yield at the previous close, as traders anticipated April retail inflation data due out India today.

INTEREST RATE SWAP: The one-year swap rate was 1 basis point lower at 3.72% compared to 3.73% at the previous close, while the benchmark five-year swap rate fell 2 basis points at 5.03% compared to 5.05% earlier.