Rupee And Bond Update - May 05, 2021: Reliance Securities

Rupee And Bond Update - May 05, 2021: Reliance Securities

Indian two thousand and five hundred rupee banknotes arranged for a photograph. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities Report

The Indian rupee appreciated for the second successive session against the U.S. dollar this Tuesday as traders trimmed their dollar long positions.

However, a rebound in the dollar index and losses in local equities appreciation bias of the local unit.

The rupee ended at 73.85 compared with 73.92 in the previous session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.95% and 0.94% lower, respectively on Tuesday.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.81, yielding 6.01%, against Rs 98.91 and 6.00% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 05 2021.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES