Rupee And Bond Update - December 24, 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 appreciated marginally against the U.S. dollar on Wednesday, as regional currencies recovered from yesterday’s selloff triggered by the new coronavirus variant.
The rupee ended at 73.78 compared with 73.84 in the previous session.
The dollar Index was weak in this Wednesday afternoon trade as fresh uncertainty over the U.S. fiscal stimulus package and government funding, triggered by President Donald Trump lifted regional sentiments.
The benchmark 5.77% bond maturing in 2030 ended at 98.69 rupees, yielding 5.95%, against 98.68 rupees, yielding 5.95%, at the previous close.
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.