Fin markets closed for holiday on Monday

Fin markets closed for holiday on Monday

MUMBAI: Financial markets are closed on Monday for a holiday. Trading resumes on Tuesday.
India's main stock index fell to 1.58 per cent to 8,674.35, its lowest close in two months on Friday, driven down by grim prospects for corporate earnings and fading hopes for a rate cut at next week's central bank policy review. The partially convertible rupee closed at 49.27/29 per dollar, 0.3 per cent weaker than its previous close of 49.13/16. The unit is down 1.2 per cent so far in 2009. The yield on the 10-year benchmark bond ended at 5.72 per cent, off the day's high of 5.86 and below Thursday's close of 5.81 per cent.