INSUBCONTINENT EXCLUSIVE:
Friday, while the benchmark 10-year yield closed at its lowest in more than two weeks as concerns over the COVID variant spooked markets
weekly loss of 59 paise since October 8 due to month-end dollar demand and on anticipation that the US Federal Reserve will accelerate asset
tapering and hike interest rates around mid-2022, analysts said.Shares and currencies in Asia's emerging markets fell sharply as investors
dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.34 per cent at 96.44 but capped
snapping five straight week of gains
market has been expecting them to start raising the reserve repo rate to try to normalise the policy rate corridor to pre-pandemic
levels.The central bank has already started conducting variable rate reverse repo auctions of slightly longer tenors to temporarily absorb
the massive liquidity surplus in the banking system but has shied away from announcing any more permanent measures so far.Traders expect the
expectations a supply surplus could swell in the first quarter.
