Rupee And Bond Update - April 22, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended flat against the U.S. currency this Tuesday, as lingering concerns over the economic impact of surging coronavirus infections offset the impact of a broad dollar decline.
The rupee ended at 74.88, unchanged against previous session. The currency had initially strengthened to 74.65 to the dollar earlier in the session, but gave up gains to fall to the day's low of 74.99 on importer covering.
The major driver to the rupee’s outlook in the coming days could rest on the economic impact of the current coronavirus wave in the country and how soon the vaccine rollouts occur.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.38, yielding 6.07%, against Rs 98.33 yielding 6.08% at the previous close.
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