Rupee And Bond Update - April 07, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee weakened for the second consecutive session against the U.S. dollar, weighed down by dollar demand from importers.
The rupee ended at 73.43 compared with 73.29 in the previous session. The local unit had risen to an intraday high of 73.20 earlier in the session on the back of exporters' dollar sales and weaker dollar.
Meanwhile, the currency was also weighed down by the rise in Covid-19 cases across the country.
India reported a record single-day spike of 103,558 cases on Sunday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.03, yielding 6.12%, against Rs 98.02 and 6.12% yield at the previous close.
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