Rupee And Bond Update - February 12, 2021: Reliance Securities
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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.
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