Rupee And Bond Update - February 11, 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 11, 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 Wednesday, tracking upbeat Asian peers following a decline in the dollar index to two-week lows.

The rupee ended at 72.84 to the dollar against 72.89 in the previous session. The currency had strengthened to 72.81 earlier in the session, however, the presence of Reserve Bank of India capped gains.

Meanwhile, the Korean won led Asian currencies higher, climbing 0.9% to the dollar, while the Malaysian ringgit and the Taiwan dollar were up 0.2% each.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 98.82, yielding 6%, the lowest since January 29, against Rs 98.35, yielding 6.07% at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 11 2021.pdf

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