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20-Oct-2021   15:50 Hrs IST Rupee concludes substantially higher against dollar <p align="justify">Indian rupee ended substantially higher against dollar on Wednesday as banks and exporters continued to sell the US currency. Sentiments were upbeat as Services Export Promotion Council (SEPC) stated that India's services exports are expected to reach over $240 billion during 2021-22. It is also seeking incentives from the government. SEPC Chairman Maneck Davar said that during the first five months of the current fiscal year, exports from the sector increased 14 per cent to $95 billion. Additional support came in as External Affairs Minister (EAM) S Jaishankar said that Indian and Israeli officials have agreed on the resumption of Free Trade negotiations and talks will start in November this year. Meanwhile, Reserve Bank of India (RBI) remained a net buyer of the US currency in August after it net purchased $3.747 billion from the spot market. On the global front; sterling laboured below a one-month high on Wednesday as traders said a dip in September inflation was unlikely to stop the Bank of England from raising interest rates soon.</p><p align="justify">Finally, the rupee ended 74.88, stronger by 47 paise from its previous close of 75.35 on Monday. The currency touched a high and low of 75.13 and 74.83 respectively.<br></p>
20-Oct-2021   15:39 Hrs IST Bond yields trade lower on Wednesday <p align="justify">Bond yields traded lower on Wednesday amid a private report stating that current account leading to higher imports and a rise in current account deficit, which is likely to print at 1.3 per cent of the GDP or $40 billion, up from 0.9 per cent surplus last fiscal.<br></p><p align="justify">In the global market, The U.S. Treasury yield curve widened on Tuesday, as investors unwound flattening moves of the last few sessions after global central banks dampened expectations of near-term tightening that spilled over to the world's largest bond market. Furthermore, oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage.<br></p><p align="justify">Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.37% from its previous close of 6.38% on Monday.<br></p><p align="justify">The benchmark five-year interest rates were trading 2 basis points higher at 5.86% from its previous close of 5.84% on Monday.<br></p>
20-Oct-2021   14:09 Hrs IST Call rates edge higher on Wednesday
20-Oct-2021   11:50 Hrs IST Rupee strengthens against US dollar on Wednesday
19-Oct-2021   13:40 Hrs IST OTC trade data of government securities as on October 18
19-Oct-2021   12:26 Hrs IST Indian Money market remains closed on Tuesday
18-Oct-2021   15:43 Hrs IST Bond yields end higher on Monday
18-Oct-2021   15:35 Hrs IST Rupee settles lower on Monday
18-Oct-2021   15:06 Hrs IST OTC trade data of government securities as on October 14
18-Oct-2021   14:10 Hrs IST Call rates edge higher with the start of fresh reporting cycle