Reliance Securities: Currency And Bond Update - December 08, 2020
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Reliance Securities Report
The Indian rupee depreciated against the U.S. currency due to likely intervention from the Reserve Bank of India and sharp rebound of the U.S. dollar Index in Monday afternoon trade.
The local unit initially was strong against the U.S. dollar supported by hefty foreign equity inflows.
The rupee ended at 73.90 to the dollar compared with 73.80 in the previous session. The currency’s day high was 73.70 and the day's low was 73.96.
The benchmark 5.77% bond maturing in 2030 ended at 98.87 rupees, yielding 5.92%, against 99.06 rupees, yielding 5.90%, on Friday.
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