Rupee And Bond Update - February 04, 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 04, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 04 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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