Rupee And Bond Update - February 01, 2021: Reliance Securities 
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 01, 2021: 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 01 2021.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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