The rupid today appreciated in the background of a weak dollar index | Photocredit: Rvimages
The rupee appreciated about 27 Paise on Tuesday to close above 86 per dollar in the midst of a weak dollar and domestic stock markets that made smart profits, even when the market for government effects (G-SEC) saw a mild rally on the back of easy liquidity and hope to be brought by RBI to the RBI of the RBI of the RBI the RBI of the RBI the RBI the RBI the RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI The RBI Features. Inflation of the retail trade.
The Indian unit (INR) concluded at 85,7725 per US dollar (USD) against the previous closure of 86.04 (on 11 Aprilone). The rupid opened stronger at 85,8750 per USD, about 17 Paise higher versus previous closure, and tested a high/low of 85.58/85,8750.
“The Rupee Appreciated Today in the Backdrop of a Weak Dollar Index. Forward Premiums also Came Down Due to the Narrowing Interest Rate Differential Between and The Us. Us treasury Yields are Sticky, Whereas OeSec Yields Importer Buying, “Said v Rama Chandra Reddy, Head – Treasury, Karur Vysya Bank.
G-SEC provides thaw
Opbrengst van de benchmark 10-jarige overheidsbeveiliging (6,79 procent GS 2034) ontdooide om te sluiten op een dieptepunt van 6,41 procent van 6,41 procent (van vorige afsluiting van 6,44 procent) in de nasleep van voldoende liquiditeit, waarbij de RBI vorige week aankondigt dat het open marktactiviteiten (OMO) aankoop van G-SECS-aggrege van £ 40.000 Crore op 17 april 17.
In general, the proceeds from the benchmark protection have mitigated 17 basic points (with the price of approximately a rupid) of 6.58 percent on March 28oneThe last trade day of FY25.
Reddy noted that the recent 25 Basic Points of Basic, change in attitude, the Dovish monetary policy prospects and continuous liquidity injection measures in the form of OMO purchase have a soothing effect on the returns.
Nuvama Wealth noted in a report that the 10-year-old benchmark opened a lower tracking a sharp decrease in treasury proceeds at night, along with an Omo purchase announcement of £ 40,000 crore (to be kept on April 17).
“The yields were arranged for the CPI inflation release. Cop inflation came weaker than expected by 3.34 percent versus 3.5 percent (expected) and 3.6 percent earlier, with continuous disinflation in food (helped by sharper delay in vegetable prices).
“After the release of inflation, some profit booking were seen with the core CPI inflation higher up to 4.2 percent (driven by health, transport, communication and education segments). However, this benefit in the revenues did not enforce. The 10Y point trade closed at 6.41 percent 6.44 percent earlier,” per report.
Published 15 April 2025
