Rupee And Bond Update - February 12, 2021: Reliance Securities
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 12, 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. dollar, as possible intervention from the Reserve Bank of India offset the impact of foreign flows in local equities.

The rupee ended at 72.85 to the dollar against 72.84 in the previous session.

The local unit had initially strengthened to 72.70 earlier in the session amid equity purchases by foreign investors which continued to remain buoyant over the last three months.

The key trigger point for the markets will be the Consumer Price Index and Index of Industrial Production numbers.

The benchmark 5.85% bond maturing in 2030 ended at Rs 99.17, yielding 5.96%, the lowest since January 29, and 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 12 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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