Rupee And Bond Update - April 30, 2021: Reliance Securities
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - April 30, 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 for the fourth straight session this Thursday supported by the continuation of ultra loose monetary policy and as the Fed chairman Powell quashed talks for tapering bond purchases and kept the dollar near March lows.

The rupee ended at 74.04 compared with 74.35 in the previous session.

Regional currencies were stronger against the U.S. dollar and also lifted sentiments.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.49, yielding 6.06%, against Rs 98.53 and 6.05% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - April 30 2021.pdf

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