Rupee And Bond Update - April 30, 2021: Reliance Securities
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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.
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