Rupee And Bond Update - December 17, 2020: Reliance Securities 
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

Rupee And Bond Update - December 17, 2020: 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 17 2020.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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