India Rupee, Stocks, Bonds, Swaps (4-June)

India Rupee, Stocks, Bonds, Swaps (4-June)

04 Jun 2020 10:35 AM

RUPEE: The Indian rupee was at 75.55/75.56 to the dollar against 75.46/75.47 in the previous session, tracking a decline in the Chinese yuan and weak local shares after the United States banned Chinese passenger flights.

STOCKS: The benchmark BSE Sensex and the broader NSE index were trading 0.14% and 0.10% higher, respectively, in choppy trading session tracking U.S. and Asian shares after better-than-expected U.S. economic data. Reliance Industries and HDFC Bank led the gains in local indices.

GOVERNMENT BONDS: The benchmark 6.45% bond maturing in 2029 was at 102.91 rupees, yielding 6.04%, against 102.95 rupees and 6.03% yield at the previous close, as traders await clarity over RBI’s open market purchases and minutes of the rate-setting panel’s May meeting tomorrow.

INTEREST RATE SWAPS: The one-year and the benchmark five-year swap rates have yet to trade today. They yesterday closed at 3.80% and 4.27%, respectively.