{"id":472532,"date":"2022-03-03T10:47:30","date_gmt":"2022-03-03T05:17:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472532"},"modified":"2022-03-03T10:47:30","modified_gmt":"2022-03-03T05:17:30","slug":"bonds-rupee-fall-tracking-jump-in-oil-more-losses-likely","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bonds-rupee-fall-tracking-jump-in-oil-more-losses-likely\/","title":{"rendered":"Bonds, rupee fall tracking jump in oil; more losses likely"},"content":{"rendered":"<p>MUMBAI: Bond yields edged higher while the rupee weakened on Wednesday, tracking a sharp rise in global crude oil prices that threatens to push up domestic inflation and widen the country&#8217;s current account deficit.<br \/>\nOil prices rose as sanctions on Russian banks following Moscow&#8217;s invasion of Ukraine hampered trade finance for crude shipments and some traders opted to avoid Russian supplies in an already tight market.<br \/>\nThe benchmark 10-year bond yield edged up to 6.80%, up 3 basis points from its previous close on Monday. It touched 6.81% in early trade, the highest since Feb. 9. Markets were closed on Tuesday for a local holiday.<br \/>\nTraders said if there are no more debt sales in this fiscal year, yields are likely to trade in a 6.75% to 6.85% range depending on the movement in global crude and the evolving geopolitical situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Bond yields edged higher while the rupee weakened on Wednesday, tracking a sharp rise in global crude oil prices that threatens to push up domestic inflation and widen the country&#8217;s current account deficit. Oil prices rose as sanctions on Russian banks following Moscow&#8217;s invasion of Ukraine hampered trade finance for crude shipments and some traders opted to avoid Russian supplies in an already tight market. The benchmark 10-year bond yield edged up to 6.80%, up 3 basis points from its previous close on Monday. It touched 6.81% in early trade, the highest since Feb. 9. Markets were closed on [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-472532","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=472532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}