Rupee And Bond Update - April 23, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - April 23, 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 against the U.S. dollar, as an alarming surge in coronavirus infections raised risks to the country’s near-term growth outlook and increased concerns about foreign fund outflows.

However, likely intervention from the Reserve Bank of India, trimmed losses in the unit and kept volatility in check.

The rupee ended at 74.95 compared with 74.88 in the previous session.

The benchmark 5.85% bond maturing in 2030 ended marginally higher at Rs 98.55, yielding 6.05%, against Rs 98.38, yielding 6.07%, at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 23 2021.pdf

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