Rupee And Bond Update - February 05, 2021: Reliance Securities 
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 05, 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 U.S. currency on Thursday ahead of the Monetary Policy Committee decision.

However, possible intervention from Reserve Bank of India offset the impact of foreign equity inflows.

The rupee ended at 72.95 compared with 72.96 in the previous session.

The MPC is likely to keep a status quo on rates but is widely expected to communicate its stance on liquidity management.

The benchmark 5.85% bond maturing in 2030 settled higher for the second consecutive session and ended at Rs 98.35, yielding 6.07%, against Rs 98.28 and 6.08% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 05 2021.pdf

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