The Indian rupee extended its gain on Friday on the back of easing global oil prices and a steady US dollar. The rupee was trading by 13 paise at 69.72 a dollar from Thursday’s close of 69.85. It has touched a high and a low of 69.67 and 69.74/$ today.
The yields on the 10-year government bonds rose 0.22% to 7.63%.
On the economy front, India's GDP data, Fiscal Deficit for April-October period, India Eight Infrastructure Industries Index for October, RBI monetary policy meeting, OPEC meeting, and outcome of state election results will be on investors' radar.
Reserve Bank of India (RBI) on Thursday halved the minimum holding period of their loans of above five years. As per the revised norms, loans of original maturity of more than five years can be securitized after receiving the repayment of six-month instalments or two quarterly instalments.
RBI's reference rate for the dollar stood at Rs69.91, while for the euro, it was at Rs79.58. Further, its reference rate for the yen stood at Rs61.71, while that for the British pound sterling, it was at Rs89.73.
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