Government bonds ended lower for a third session, on caution ahead of the release of the minutes of the central bank’s Monetary Policy Committee and the Federal Reserve’s latest policy meetings
• The benchmark 6.97% 2026 bond yield rose to 6.94%from 6.90% in the previous trading day
• Yield on the US 10-year fell to 2.41% from 2.43% in the previous day
The rupee fell for the first time in three sessions against the dollar likely for crude oil importers, amid caution ahead of the release of the Federal Reserve’s latest meeting minutes
• The US$ index posted minor gains against major currencies with dollar index off the highs of 101.70 levels post-Fed FOMC minutes. Euro posted a recovery against US$ as March US interest rate hike probability fell slightly post the minutes, which failed to provide any clues for March meeting rate hike prospects
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