- Though at the start of the week 10-year benchmark bond yield softened to 7.99%, it inched up on Friday to 8.06% thereby ending flat on weekly basis. Yields on shorter tenure papers ended lower with 1-year and 5-year yields declining by 21bps and 10bps respectively.
- India’s holding of US Treasury Securities as at the end of Feb 2010 stood at US$31.6bn vis-à-vis US$32.7bn at the end of Jan 2010.
- After easing a bit, India’s food inflation marginally rose to 17.7% yoy for the week ended April 10. The increase was mainly on account of higher prices of milk and rice.
- RBI extended the benefit of low interest rate for exporters from April 30, 2010 to June 30, 2010. The interest rate ceiling on pre-shipment rupee export credit up to 270 days and post shipment rupee export credit up to 180 days is at BPLR minus 2.5%.
- For the first time in three weeks, US treasuries yield declined as Government prepared to sell a record amount of US$129bn notes.
- Greece appealed for an emergency Eurozone loan of US$40bn to fight debt crisis under overwhelming pressure from the financial markets.
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