Rupee And Bond Update - February 15, 2021: Reliance Securities 
An Indian ten rupee banknote and U.S. one-hundred dollar banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 15, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 15 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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