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02-Mar-2021   15:36 Hrs IST Rupee ends substantially stronger against dollar <p align="justify">Indian rupee ended substantially stronger on Tuesday on fresh selling of American currency by banks and exporters. Besides, healthy growth in the domestic equity market also added to the rupee gains. Traders took support with the finance ministry's statement that GST collections crossed the Rs 1 lakh crore-mark for the fifth month in a row in February, rising 7 per cent annually to over Rs 1.13 lakh crore, indicating economic recovery. Adding optimism, Crisil report stated that on the back of timely government and regulatory measures this fiscal, which helped the economy to recover faster than expected, bank credit is seen growing 400-500 bps to 9-10 percent in the next financial year. Traders overlooked report that Biden administration has told the US Congress that India's recent emphasis on import substitution through the ‘Make in India' campaign has ‘epitomised' the challenges facing the bilateral trade relationship. Meanwhile, RBI remained net buyer of the US dollar in December after it purchased $3.991 billion from the spot market. On the global front, dollar rose to its highest level in a month against its basket on Tuesday and riskier currencies fell back, as underlying concerns about rising bond yields drove investors back into safe-haven assets.<p align="justify">Finally, the rupee ended at 73.37, 18 paise stronger from its previous close of 73.55 on Monday. The currency touched a high and low of 73.48 and 72.31 respectively. The reference rate for the dollar stood at 73.29, and for Euro stood 88.58 on March 01, 2021. While the reference rate for the Yen stood at 68.78, the reference rate for the Great Britain Pound (GBP) stood at 102.49.</p>
02-Mar-2021   15:35 Hrs IST Bond yields trade higher on Tuesday <p align="justify">Bond yields traded higher on Tuesday, as the Reserve Bank of India (RBI) remained net buyer of the US dollar in December after it purchased $3.991 billion from the spot market. During the reporting month, the central bank bought $10.014 billion and sold $6.023 billion in the spot market. <p align="justify">In the global market benchmark U.S. Treasury yields eased for a second straight session on Monday from a one-year high hit last week as Federal Reserve officials continued to downplay runaway inflation concerns, but a round of solid economic data curbed the decline. Furthermore, oil prices fell more than 1%, extending losses that began last week, as investors unwound long positions on concern that OPEC may agree to increase global supply in a meeting this week and Chinese demand may be slipping.<p align="justify">Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.23% from its previous close of 6.20% on Monday.<p align="justify">The benchmark five-year interest rates were trading 2 basis points higher at 5.78% from its previous close of 5.76% on Monday.</p>
02-Mar-2021   14:05 Hrs IST Call rates edge higher on Tuesday
02-Mar-2021   11:49 Hrs IST Rupee strengthens against US dollar on strong gains in Wall Street overnight
01-Mar-2021   15:37 Hrs IST Bond yields trade lower on Monday
01-Mar-2021   15:34 Hrs IST Rupee settles lower against dollar on Monday
01-Mar-2021   14:43 Hrs IST OTC trade data of government securities as on February 26
01-Mar-2021   14:07 Hrs IST Call rates edge higher with start of fresh reporting cycle
01-Mar-2021   12:00 Hrs IST Rupee strengthens against US dollar despite FPI outflow concerns
26-Feb-2021   15:43 Hrs IST Bond yields trade higher on Friday