Rupee And Bond Update - April 19, 2021: Reliance Securities
A customer holds a bundle of Indian rupee banknotes in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - April 19, 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 appreciated on Friday against the U.S. dollar tracking softening yields and firm risk appetite in the region. Reserve Bank of India’s intervention also aided the local unit.

The rupee ended at 74.35 compared with 74.92 in the previous session.

It strengthened by 0.8% this Friday and 0.5% this week.

The one-year forward premium was at 3.55 rupees, against 3.51 rupees in the previous session.

The benchmark BSE Sensex and the broader NSE index rose 0.06% and 0.25%, up for a third consecutive session on Friday.

Click on the attachment to read the full report:

Currency Update - April 19, 2021.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.