Rupee And Bond Update - February 10, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar this Tuesday, tracking a further decline in the dollar index amid prospects of more U.S. fiscal stimulus.
Meanwhile, other Asian currencies were strong this Tuesday and lent support.
However, gains were capped on amid speculation of the Reserve Bank of India’s intervention in the markets.
The rupee ended at 72.89 compared with 72.96 in the previous session. The rupee had strengthened to 72.85 earlier in the session.
The benchmark 5.85% bond maturing in 2030 settled lower at Rs 98.35, yielding 6.07%, against Rs 98.60, yielding 6.04% at previous close.
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