Rupee And Bond Update - February 25, 2021: Reliance Securities
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - February 25, 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 supported by persistent greenback sales by foreign banks and weaker dollar.

The rupee ended at 72.32 compared with 72.46 in the previous session. The rupee had strengthened to an intra-day high of 72.27 earlier in the session, but had slipped to the day's low of 72.41 probably on the back of likely intervention from Reserve Bank of India.

The benchmark 5.85% bond maturing in 2030 ended higher for a second session at Rs 97.83, yielding 6.15%, against Rs 97.65, yielding 6.17% at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 25 2021.pdf

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