Rupee And Bond Update - February 16, 2021: Reliance Securities
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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.
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