Rupee And Bond Update - April 09, 2021: Reliance Securities
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

Rupee And Bond Update - April 09, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 09 2021.pdf

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