Stocks, bonds seen opening stronger post Powell's indication of rate cut

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Stocks, bonds seen opening stronger post Powell's indication of rate cut - Business Standard

Quick Summary:

The yield on the benchmark 10-year government bond is expected to open around 4 basis points lower on Monday.It had settled at 6.

In the current financial year, the rupee has depreciated by 0.6 per cent, whereas in the current calendar year it has depreciated by 0.8 per cent.

The benchmark Nifty and Sensex have rallied over 3.5 per cent from this month’s lows, amid a rebound in other global markets as fears of a US recession—triggered by US unemployment data at the start of the month—have receded.