Rupee And Bond Update - April 29, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar supported by the strength in local equities and foreign fund inflows.
The rupee ended at 74.35/dollar compared with 74.65 in the previous session.
Hopes that the second Covid-19 wave in the country will peak by the next month and dollar selling by foreign banks also aided sentiment.
The benchmark S&P BSE Sensex and the broader Nifty50 index ended 1.61% and 1.44% higher, respectively on Wednesday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.53, yielding 6.05%, against Rs 98.52 and 6.05% yield at the previous close.
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