Reliance Securities: Currency And Bond Update - December 11, 2020
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Reliance Securities Report
The Indian rupee depreciated for the second day against the dollar as regional risk appetite waned amid lack of progress on a fiscal stimulus bill in the United States.
Dollar purchases likely for defence-related purposes and dollar outflows may have also weighed on the local unit this Thursday.
The rupee ended at 73.66 to the dollar compared with 73.56 in the previous session.
U.S. dollar Index was trading marginally lower, while most of the Asian currencies were marginally weak and also weighed on sentiments.
The benchmark 5.77% bond maturing in 2030 ended at 98.93 rupees, yielding 5.92%, against 98.92 rupees, yielding 5.92% on Wednesday.
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