Rupee And Bond Update - February 03, 2021: Reliance Securities 
The portrait of Mahatma Gandhi is displayed on an Indian rupee note. (Photographer: Brent Lewin/Bloomberg)  

Rupee And Bond Update - February 03, 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 against the U.S. currency, tracking domestic equity markets supported by hopes of a quick economic rebound following the union budget.

The rupee had strengthened to an intraday high of 72.92 amid hopes that a proposal to increase in capital expenditure in the recently concluded union budget will boost risk appetite.

However, persistent concerns of further weakening of the fiscal deficit kept gains in check.

The rupee ended at 72.96 compared with 73.02 in the previous session.

The benchmark 5.85% bond maturing in 2030 fell for a second consecutive day to close at Rs 97.97, yielding 6.13%, against Rs 98.45 and 6.06% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 03 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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