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Indian markets rally, rupee trades stronger after Moody's rating upgrade

The benchmark 10-year bond yield was down 10 basis points at 6.96 percent, the rupee was trading stronger at 64.76 per dollar versus the previous close of 65.3250.

Published: 17th November 2017 10:10 AM  |   Last Updated: 17th November 2017 10:12 AM   |  A+A-

Sensex (File | Reuters)

Image used for representational purpose only.

By Reuters

MUMBAI: Indian markets, including stocks, bonds and the rupee, rallied on Friday after Moody's upgraded India's sovereign bond rating, and noted continued progress on economic and institutional reform will enhance India's high growth potential.

At 0400 GMT, the benchmark 10-year bond yield was down 10 basis points at 6.96 percent, the rupee was trading stronger at 64.76 per dollar versus the previous close of 65.3250 while the NSE share index was 1.1 percent higher.


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