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30-Jul-2021   15:38 Hrs IST Bond yields trade higher on Friday <p align="justify">Bond yields traded higher on Friday after chief economic advisor K V Subramanian said inflation would likely come in at below the 6% mark in July itself but could stay at an elevated level of over 5% for some time.<br></p><p align="justify">In the global market U.S. Treasury yields inched higher on Thursday, but were below their peaks for the day, after a soft 7-year note auction added to the positive risk tone which persisted all day despite weaker-than-expected U.S. data. Furthermore, oil prices fell but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence in coronavirus cases worldwide.<br></p><p align="justify">Back home, the yields on new 10-year Government Stock were trading 2 basis point higher at 6.21% from its previous close of 6.19% on Thursday.<br></p><p align="justify">The benchmark five-year interest rates were trading 1 basis point higher at 5.73% from its previous close of 5.72% on Thursday.<br></p>
30-Jul-2021   15:36 Hrs IST Rupee ends considerably lower greenback <p align="justify">Indian rupee ended considerably lower against the US dollar on Friday, on increased demand for the greenback from importers and banks. Traders seem to have overlooked Chief Economic Advisor K V Subramanian's statement that headline inflation will come down under the 6 percent mark in July itself but will stay at an elevated level of over 5 percent for some time. Such an outcome will get the price rise back into the upper-end of the target band given to RBI, he said, adding that consumer price inflation had breached the mark for three consecutive quarters last fiscal because of supply side issues like challenges in movement of goods. On the global front, dollar languished near a one-month low on Friday and was set for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally.<p align="justify">Finally, the rupee ended 74.42, weaker by 13 paise from its previous close of 74.29 on Thursday. The currency touched a high and low of 74.44 and 74.27 respectively.</p>
30-Jul-2021   14:56 Hrs IST OTC trade data of government securities as on July 29
30-Jul-2021   14:07 Hrs IST Call rates edge higher on reporting Friday
30-Jul-2021   11:45 Hrs IST Rupee weakens against US dollar on Friday
29-Jul-2021   15:35 Hrs IST Bond yields trade higher on Thursday
29-Jul-2021   15:34 Hrs IST Indian rupee settles stronger against dollar
29-Jul-2021   14:31 Hrs IST OTC trade data of government securities as on July 28
29-Jul-2021   14:07 Hrs IST Call rates edge higher on Thursday
29-Jul-2021   12:20 Hrs IST Rupee strengthens against US dollar on Thursday