Rupee seen between 55.40-55.80/USD: Mohan Shenoi

The euro holds near a one-week high against the dollar. The dollar index was sub 82 levels. Mohan Shenoi of Kotak Mahindra Bank said both local and global currency markets were rangebound in the absence of any fresh triggers. According to him, the ...

Both local and global currency markets are rangebound in the absence of any fresh triggers, says Mohan Shenoi, Kotak Mahindra Bank.

The dollar strengthened due to political uncertainty in Italy, Cyprus bailout and better than expected US economic data, says Mohan Shenoi, Kotak Mahindra Bank.

The Indian rupee slipped further on Thursday hitting fresh six months low. The dollar gained against all major currencies after Bernanke's testimony indicated that the Fed may gradually taper off bond buying. This is likely to add further pressure on the ...

The sharp rally in the government securities market since Tuesday due to the thaw in inflation suggests that a rate cut by the central bank in its June mid-quarter monetary policy review has been discounted, say market players. With the headline ...

Yields on government securities could thaw by as much as 20 basis points if the Reserve Bank of India cuts the key policy rate in its annual monetary policy, which is due on May 3, say market players. However, in the run-up to the policy ...

The trading interest of the Street shifted on Wednesday to the 7.83 per cent 2018 government bond, ahead of the Friday auction in which this paper will be re-issued. The highest trading volume is generally seen in the 10-year benchmark bond 8.15 per ...

With the liquidity situation easing since the beginning of this month, banks? borrowing from the Reserve Bank of India is expected to come down considerably, say senior bank treasury officials. That the liquidity situation has improved is ...

MUMBAI: The Reserve Bank of India's interest rate cut is hardly helping investors or corporates as market is moving in the opposite direction due to liquidity shortage with the benchmark government bond yield touching 8%. Some hope for easing of ...