INSUBCONTINENT EXCLUSIVE:
By Kartik GoyalIndian bonds extended declines and the benchmark equity index completed its worst week in four months after Prime Minister
the most-traded 2028 bonds rose five basis points on Friday to 7.57 per cent in Mumbai while the SP BSE Sensex index of shares closed little
changed after declining as much as 1 per cent
The rupee pared losses on suspected intervention by the central bank.
Bonds have declined in six of last eight weeks amid concerns about
retaliation.
Primary dealers had to step in to save a government bond auction on Friday as yields climbed
associate director at Trust Capital Services India Pvt
others injured in an assault on Thursday on a convoy in the Indian-controlled Kashmir
Jaish-e-Mohammad, a Pakistan-based terror group, claimed responsibility for the attack that took place in Pulwama near the state capital
speech.
The rupee slid 0.1 per cent to 71.2275 against the dollar
The currency pared losses of as much as 0.3 per cent on speculation the central bank sold dollars, said Sajal Gupta, head of
