Rupee And Bond Update - February 23, 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 23, 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 against the U.S. dollar on Monday to its highest level in a year aided by corporate dollar inflows as well as reduced intervention from the central bank.

The rupee ended at 72.51 to the dollar against 72.65 in the previous session. The currency gained to an intraday high of 72.29 to the dollar earlier in the day, its highest level since March 03, 2020.

The benchmark 5.85% bond maturing in 2030 ended at Rs 97.44, yielding 6.20%, its highest since August 26, and against Rs 97.94, yielding a 6.13% yield at the previous close.

Meanwhile, the Reserve Bank of India released the Monetary Policy Committee meeting minutes yesterday and the minutes revealed that one of the MPC members remains worried about inflation.

Click on the attachment to read the full report:

Relianec Securities Currency Update - February 23 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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