Rupee And Bond Update - April 09, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated marginally against the U.S dollar in thin-volume trade.
The rupee ended at 74.59 against 74.55 in the previous session.
The Indian currency had risen to 74.20 earlier in the session on the back of an upbeat risk appetite and exporters’ dollar sales.
However, the currency gave up gains as most investors believed that the central bank's bond-buying plan could be bearish for the currency due to inflationary concerns.
The benchmark 5.85% bond maturing in 2030 ended higher at Rs 98.68, yielding 6.03%, the lowest since February 17, against Rs 98.32 and 6.08% yield at the previous close.
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