Print this article

Rupee, bonds down after Fed hints at rate hike in Dec

October 29, 2015 11:49 IST

Rupee and bonds weakened on Thursday after the US Federal Reserve signalled it may increase its policy rates at the next meeting in December, stoking fears of foreign fund outflows from domestic markets.

The U.S. Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds, leaving the door open for a rate hike in December.

At 9:07 a.m., the rupee was at 65.1800/65.1875, compared with its previous close of 64.9175/64.9275.

The 10-year benchmark bond yield rose 2 basis points to 7.61 per cent.

Neha Dasgupta and Swati Bhat

Source:

© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.