Rupee And Bond Update - February 01, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated on Friday and appreciated marginally in the first month of the new year against the U.S. currency supported by portfolio inflows into the domestic equity markets.
However persistent intervention by the central bank and a broad rally on the dollar index capped gains of the currency.
The rupee ended at 72.95 to the dollar compared with 73.04 on Thursday.
Asian currencies were broadly mixed this Friday. While, the U.S. dollar Index was higher this Friday and capped gains of the local unit.
The benchmark 5.77% bond maturing in 2030 ended at Rs 98.69, yielding 5.95%, against Rs 98.82 and 5.93% yield on Thursday.
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