India Rupee, Stocks, Bonds, Swaps (3-June)

India Rupee, Stocks, Bonds, Swaps (3-June)

03 Jun 2020 10:32 AM

RUPEE: The Indian rupee hit the highest level in five weeks and was at 75.23/75.24 to the dollar against 75.3625/75.3725 in the previous session, boosted by a decline in the dollar index and upbeat local shares.

STOCKS: The benchmark BSE Sensex and the broader NSE index were trading 1.1% and 1.2% higher, respectively, tracking gains in the U.S. as well as Asian indices, as investors remain optimistic with regards to reopening steps and support from central banks will help economies across the world rebound. Financials such as HDFC Bank and ICICI Bank led the gains in local indices.

GOVERNMENT BONDS: The benchmark 6.45% bond maturing in 2029 was at 103.10 rupees, yielding 6.01%, against 103.19 rupees and 6.00% yield at the previous close, as traders await fresh triggers after yesterday’s fall in yields.

INTEREST RATE SWAPS: The one-year and the benchmark five-year swap rates have yet to trade today. They yesterday closed at 3.78% and 4.27%, respectively.