Gold Silver Reports – Bonds Slide as Dollar Climbs on Tax Plan, Economy – Global bonds declined as optimism over the health of the U.S. economy and President Donald Trump’s tax-cut plan pushed Treasury yields higher with the dollar. Asian stocks were mixed as investors began to assess the implications of the much-anticipated tax proposal.
Currencies
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Rupee opens Marginally Lower Against US Dollar ahead of Fed Meet
Gold Silver Reports — Rupee opens Marginally Lower Against US Dollar ahead of Fed Meet — The rupee on Tuesday weakened marginally against the US dollar, ahead of the US Federal Reserve meeting.
India’s Forex Reserves Poised to Top $400 Billion for First Time Ever
Gold Silver Reports — India’s Forex Reserves Poised to Top $400 Billion for First Time Ever — India’s foreign-exchange reserves rose past $400 billion for the first time ever, strengthening policy makers’ buffers ahead of an expected reduction in U.S. stimulus.
Rupee Optimism Holds Despite Shock Slowdown in India Growth
Gold Silver Reports — Rupee Optimism Holds Despite Shock Slowdown in India Growth — The shock slowdown in India’s growth has economists rushing to cut their estimates for the end of the year. Their pessimism isn’t shared by currency strategists who are raising forecasts for the rupee.
10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar
Gold Silver Reports — 10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar — India’s 10 year-bond yield on Wednesday hit over 14-week high after consumer price inflation accelerated for the second consecutive month, while the rupee strengthened marginally against the US dollar tracking gains in its Asian peers.
Rupee Strengthens Marginally Against US Dollar
Gold Silver Reports — The rupee on Monday strengthened marginally against the US dollar in opening trade. The rupee opened at 63.93 a dollar. At 9.10am, the rupee was trading at 63.98 a dollar, up 0.09% from its Friday’s close of 64.03.
Rupee Strengthens Past 63 Mark Against US Dollar
Gold Silver Reports — The rupee on Monday strengthened past 63 mark to hit near three-week high against the US dollar, tracking gains in its Asian peers and local equity markets.