Bonds fell to a pre-pandemic low on Monday even as the sensex surged over 1% to close 651 points higher and the rupee gained 27 paise. The cost of borrowing for the government, as reflected in the yield on 10-year bonds, rose to more than the home loan rates offered by most banks to a two-year high of 6.59%. While Union Bank of India’s loans start at 6.4%, Bank of Baroda is offering them at 6.5%.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32YS1hr
No comments:
Post a Comment