Indian stock, foreign exchange and bond markets are closed on Thursday for a local holiday. Trading resumes on Friday. The benchmark 30-share BSE index snapped a four-day slide and rose 1.2 percent to 16,542.08 on Wednesday, but trade was choppy and investors were unconvinced about a recovery amid global credit jitters and US recession worries.
The partially convertible rupee closed at 40.30/31 per dollar, a shade stronger than Tuesday's 40.31/32 but weaker than an intraday peak of 40.21. The 10-year bond yield ended at 7.54 percent, off Tuesday's 7.58 percent. On Monday, the yield fell to 7.53 percent, its lowest since February 18.
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