Rupee And Bond Update - February 05, 2021: Reliance Securities
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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.
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