Rupee And Bond Update - April 26, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar this Friday and this week, as a continuous surge in coronavirus cases raised fears of continued economic pain and foreign equity outflows.
However, dollar sales likely by the Reserve Bank of India, along with exporter covering capped large-scale losses in the domestic unit.
The rupee ended at 75.01, compared with 74.95 in the previous session. For the week, it fell 0.9%.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.66, yielding 6.04%, against Rs 98.55 and 6.05% yield at the previous close.
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