Rupee And Bond Update - April 07, 2021: Reliance Securities
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - April 07, 2021: Reliance Securities

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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 07 2021.pdf


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.

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