Rupee And Bond Update - February 10, 2021: Reliance Securities 
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 10, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 10 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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