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 

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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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 04 2021.pdf

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