Rupee And Bond Update - February 15, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated on Friday and strengthened this week against the U.S. dollar supported by equity inflows.
However, persistent intervention throughout the week by the Reserve Bank of India, capped the currency’s appreciation.
The rupee ended at 72.75 to the dollar against 72.85 in the previous session. The rupee strengthened by 0.2% this week and after ending largely unchanged last week.
On the back of the RBI’s intervention, the one-year forward premium rose to Rs 3.79 this week, the highest since September 2016.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.96, yielding 5.99%, against Rs 99.17, yielding 5.96% on Thursday.
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