Rupee And Bond Update - April 29, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - April 29, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 29 2021.pdf

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