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

Rupee and bonds weakened on Thursday after the USFederal Reserve signalled it may increase its policy rates at the next meeting in December, stoking fears of foreign fund outflows from domestic markets Stock Market Trading Tips

The US 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 am, 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% Himanshu Tiwari Astrologer Blog