Rupee And Bond Update - April 06, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the dollar on Monday amid concerns that rising Covid-19 cases and subsequent lockdowns in some states may hurt economic recovery and cause foreign outflows.
The rupee ended at 73.29 to the dollar compared with 73.11 in the previous session.
Meanwhile, India’s Monetary Policy Committee, which will conclude on Wednesday, is widely expected to keep the key repo rate unchanged at a record low of 4%.
The benchmark 5.85% bond maturing in 2030 ended higher at Rs 98.02, yielding 6.12%, and posting its biggest single session fall since February10 and against Rs 97.64 and 6.18% yield at the previous close.
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