TI:Rupee, bonds trim gains after RBI keeps rates on hold
MUMBAI: The rupee and bond prices trimmed gains after the Reserve Bank of India kept interest rates on hold, dashing hopes the central bank would follow up with action of its own after the government announced fiscal reform measures.
The rupee was trading at 53.76/77 per dollar as of 0537 GMT, weakening from around 53.71 levels before the RBI announcement, although still stronger than its 54.30/31 close on Friday.
The 10-year bond yield rose 5 basis points to 8.17% from levels before the data and was down 1 bp on the day.
