Markets to remain closed today

On Tuesday,the benchmark 10-year bond yield closed at 8.76 percent.

India’s bonds,currency and stock markets will remain closed on Thursday for a two-day religious holiday. Trading will resume on Friday.

On Tuesday,the benchmark 10-year bond yield closed at 8.76 percent,sharply down from Monday’s close of 8.82 percent,after the central bank strongly signalled that it might be finished with its current tightening cycle.

The partially convertible rupee ended at 49.51/52 per dollar,stronger from its close of 49.8250/8350 on Monday,aided by local share rally and hopes the European leaders will announce a comprehensive plan to tackle the region’s debt crisis at the summit on Wednesday.

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The main 30-share BSE index closed up 0.20 percent at 17,288.83 points and the 50-share NSE index ended 0.20 percent higher at 5,201.80 points after a short special trading session on Wednesday.

Call money rate ended at 8.50/8.55 percent,higher from Monday’s close of 8.35/40 percent,after the central bank raised its key lending rate by 25 basis points.

The benchmark five-year swap ended at 7.35 percent from 7.44 percent previously and one-year rate at 8.13 percent from 8.28 percent at Monday’s close.

Mallojula Venugopal Rao alias Sonu and Thippiri Tirupathi alias Devuji

Spate of surrenders later, Maoists get new public liaison who vouches for ‘armed struggle’

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The banned Communist Party of India (Maoist) has found a new public voice after its ideological head Mallojula Venugopal Rao alias Sonu surrendered along with 60 cadres in Maharashtra earlier this month. According to Telangana intelligence sources, Thippiri Tirupathi alias Devuji, believed to be the current General Secretary of the party, has doubled up as its public face under the pseudonym Abhay

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