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17-Dec-2018   17:38 Hrs IST Rupee ends with strong gains on persistent dollar selling <p>In line with equity market, Indian rupee ended significantly higher against dollar on Monday, on persistent selling of the American currency by exporters. Traders took comfort with commerce ministry's latest data which showed that India's exports grew by a meager 0.80% to $26.5 billion in November, even as the trade deficit widened to $16.67 billion. Exporters attributed the marginal export growth in November to high base effect, as the foreign shipments in the comparable month of the previous fiscal were quite high at $26.29 billion. Besides, imports rose by 4.31% to $43.17 billion during the month. Some optimism also spread among the investors with Care Ratings in its latest report stating that the investment climate in India has improved amid factors like improved gross fixed capital formation and higher government expenditure. Besides, the dollar losing muscle against other currencies overseas helped the domestic currency rebound. On the global front, euro clawed itself off recent lows on Monday as the dollar paused near 18-month highs and traders waited to see whether the U.S. Federal Reserve's policy meeting this week would calm nerves about slowing global economic growth.</p><p>Finally, the rupee ended at 71.56, 34 paise stronger from its previous close of 71.90 on Friday. The currency touched a high and low of 71.86 and 71.51 respectively. The reference rate for the dollar stood at 71.67 and for Euro stood at 81.07 on December 17, 2018. While the reference rate for the Yen stood at 63.17, the reference rate for the Great Britain Pound (GBP) stood at 90.19. <br></p>
17-Dec-2018   16:01 Hrs IST Call rates edge lower with start of second half of the reporting cycle <p align="justify">Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading lower at 6.48% from its previous close of 6.49% on Friday, as demand ebbed on entering the second week of reporting cycle, since most of the banks must have already fulfilled their product requirements in order to avoid the volatility of call rates in the second half of reporting fortnight.</p><p align="justify">The overnight borrowing rates touched a high and low of 6.60% and 5.00% respectively.</p><p align="justify">According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 6.44% on Monday and total volume stood at Rs 53045.95 crore, so far.</p><p align="justify">As per CCIL data, WAR in the TREP (Triparty Repo) market was 6.41% on Monday total volume stood at Rs 162281.00 crore, so far.</p><p align="justify">The indicative call rates which closed at 6.49% on Friday, were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far.<br></p>
17-Dec-2018   15:02 Hrs IST Bond yields trade higher on Monday
17-Dec-2018   14:30 Hrs IST OTC trade data of government securities as on December 14
17-Dec-2018   14:29 Hrs IST NSE Corporate Bonds Trading report
17-Dec-2018   11:42 Hrs IST Rupee strengthens against US dollar on Monday
14-Dec-2018   17:22 Hrs IST Rupee ends weaker against dollar on Friday
14-Dec-2018   14:42 Hrs IST Bond yields trade higher on Friday
14-Dec-2018   13:56 Hrs IST OTC trade data of government securities as on December 13
14-Dec-2018   13:53 Hrs IST NSE Corporate Bonds Trading report

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