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
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.
Rupee Trades Little Changed Against US Dollar
Gold Silver Reports — The rupee on Thursday was trading little changed against the US dollar amid thin trade as traders avoided long positions ahead of a long weekend.
Weakens Due To Fresh Dollar Demand
Gold Silver Reports — The Indian rupee weakened in early trades against the dollar on Monday, 24 July 2017 due to fresh dollar demand from importers. However, the US dollar sliding against other currencies overseas and a higher opening in domestic equities limited the rupees fall.
HSBC Sees Rupee Weakness as Foreigners Put Brakes on India Flows
Gold Silver Reports — The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc.
Indian Rupee: Maintains Steady Undertone
Gold Silver Reports — The Indian Rupee is trading on a steady note today as the strength in local equities kept the overall undertone supported for the local currency.
MCX Gold Hurt On Rupees Ascent
Gold Silver Reports — A continued spurt in Indian Rupee hurt the MCX Gold futures on a day when global prices were already in correction mode. COMEX Gold futures have slipped from their one month high amid strong US economic data and currently trade at $1255 per ounce, down 0.23% on the day. MCX Gold futures are trading at Rs 28690 per 10 grams, down 0.55% on the day. Prices have eased back after failing to break above Rs 29K levels.