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Home » India News

Bonds, rupee up on Fed meet outcome

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Bonds, rupee up on Fed meet outcome
The government`s announcement of 200 billion rupees worth of bond buyback also helped sentiment for domestic bonds. Image source: Reuters
Updated: Thu, Dec 14, 2017
09:20 am
Reuters
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Indian bond yields dropped while the rupee rose on Thursday after the U.S. Federal Reserve raised interest rates in line with expectations while keeping the outlook unchanged.

The government`s announcement of 200 billion rupees worth of bond buyback also helped sentiment for domestic bonds.

The benchmark 10-year bond yield was down 3 basis points at 7.14 percent by 0335 GMT, while the partially convertible rupee was at 64.29 per dollar versus its previous close of 64.4450. 

TAGS:
BondsIndian RupeeFedDollarbuybackdomestic bonds
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