Rupee And Bond Update - February 16, 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 16, 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 for a second straight session against the dollar amid improved risk appetite lifted by hopes that the global economy could be poised for a quick rebound.

The rupee ended at 72.69 against 72.75 in the previous session. Earlier in the session, the rupee had strengthened to 72.57.

However, likely intervention from the Reserve Bank of India capped gains.

Meanwhile, the local unit was aided by an uptick in Asian currencies this Monday with the Chinese Yuan appreciating by 0.23% in offshore trade.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.73, yielding 6.02%, against Rs 98.96, yielding 5.99% at previous close.

Click on the attachment to read the full report:

Reliance Securitie Currency Update - February 16 2021.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.