Bonds fall, rupee trims gains after RBI policy review
MUMBAI (August) - Bond yields rose on Tuesday after the central bank cut banks' statutory liquidity ratio and their held-to-maturity ratio by half a percentage point each.
The RBI kept its key policy repo rate unchanged as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.
The benchmark 10-year bond yield rose 4 basis points to 8.77 percent, while the new 10-year bond yield IN084024G=CC advanced 4 bps to 8.54 percent.
The Nifty briefly fell 0.2 percent. It had been flat before the policy outcome.
The partially convertible rupee trimmed gains to 60.88 per dollar from 60.83 before the policy outcome. It had closed at 60.93/94 per dollar on Monday.
(Reporting by Swati Bhat; Editing by Subhranshu Sahu)
- Tweet this
- Share this
- Digg this
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- Boxer Sarita Devi showed lack of sportsmanship, say organisers
- Dallas Ebola patient vomited outside apartment on way to hospital |
- Loss of smell may be predictor of death in older adults - study
- Dallas Ebola patient vomited outside apartment on way to hospital
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article