Indian markets shut for public holiday

Indian markets shut for public holiday

Mumbai: Indian stock, bond, foreign exchange markets are closed on Tuesday for a public holiday.

The Bombay Stock Exchange’s main index closed down 0.97% at 19,262.54 points on Monday.

The partially convertible rupee ended at 44.3850/3950 per dollar on Monday, 0.72 percent weaker than Friday’s close of 44.07/08 when it had hit 43.98, a level not seen since 15 October.

The yield on India’s most-actively traded 8.13% 2022 bond closed at 8.18 percent, up 6 basis points from Friday, while the newly issued 7.80% 2021 bond closed at 7.89%, up 3 basis points.

The two-day inter-bank cash rate ended at 6.80/85 percent, higher than Friday’s close of 5.85/5.90 percent for one-day borrowing. In Saturday’s illiquid trade, it had closed at 6.95/7.00%.