Rupee And Bond Update - April 26, 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 26, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 26 2021.pdf

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