Indian share benchmarks jumped nearly 4% on Monday to log their best day in four years after a ceasefire was announced over the weekend. The rupee and bond markets were closed for a local holiday.
The rupee is set to recoup last week's losses, which were spurred by an intensification of the India-Pakistan conflict and the currency is likely to benefit from a stronger yuan as well, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities.
Traders expect the rupee to strengthen past the 85 mark while encountering resistance around 84.60 and 84.40 levels.
The yield on the 10-year benchmark bond rose to a high of 6.44% before closing at 6.37% on Friday.
The yield on the benchmark 10-year bond is expected to trade between 6.30% and 6.33% this week, a trader at a private bank said, with a focus on inflation data, the central bank's debt purchase and an auction.
India's consumer inflation data for April is due on Tuesday. Economists polled by Reuters expect the key price gauge to have declined to a near six-year low of 3.27%.
U.S. consumer price inflation and retail sales data, due this week, will be eyed for cues on future Federal Reserve policy rate actions.
Read More Details
Finally We wish PressBee provided you with enough information of ( Indian rupee, bonds poised to rally on ceasefire with Pakistan )
Also on site :