Financial markets shut for Ambedkar Jayanti

Indian money, foreign exchange, bond and stock markets are closed on Monday for Ambedkar Jayanti.

The benchmark 10-year government bond ended Saturday at 5.8656 per cent, down from 5.9753 per cent the previous week as traders took positions amid growing expectations the Reserve Bank of India will lower the key bank rate.

The rupee ended Friday at a 19-month closing high of 47.345/365

in thin volume as banks in the main financial hub of Mumbai were shut due to a local holiday. The rupee finished Thursday at 47.39/40.

Shares hit five-and-half-month lows on Friday as the technology sector was savaged by earnings growth concerns with the benchmark 30-issue Bombay Stock Exchange dropping 1.23 per cent to 2,997.87 points.