Rupee And Bond Update - December 17, 2020: Reliance Securities
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Reliance Securities Report
The Indian rupee ended with marginal gains against the U.S. currency on Wednesday tracking the weakness of the dollar index and foreign fund inflows.
The rupee ended at 73.57 to the dollar compared with 73.64 in the previous session.
The dollar Index was down 0.32% at 90.18 this Wednesday afternoon trade in Asia lingering near its lowest level in over two years.
Meanwhile, risk appetite improved in the market amid report of progress on reaching a deal on the coronavirus relief bill in the U.S. House of Representatives.
The benchmark 5.77% bond maturing in 2030 ended at 98.73 rupees, yielding 5.94%, against 98.75 rupees, yielding 5.94%, at previous close.
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