Rupee And Bond Update - February 04, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended flat against the dollar, ahead of the Monetary Policy Committee decision on Friday.
Meanwhile the rupee remained in a narrow trading band amid expectations that the Reserve Bank of India could absorb portfolio flows and keep the local unit in a narrow range.
The rupee ended at 72.96, unchanged against the previous session. The unit traded in a narrow six-paise band in today’s session.
Meanwhile, most Asian currencies were weak this Wednesday as the U.S dollar Index remains steady ahead of key data.
The benchmark 5.85% bond maturing in 2030 settled higher after falling for two consecutive sessions and ended at Rs 98.28, yielding 6.08%, against Rs 97.97 and 6.13% yield at the previous close.
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