Rupee And Bond Update - December 24, 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 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:

Reliance Securities Currency Update - December 24 2020.pdf


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