Rupee And Bond Update - February 26, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated on Thursday against the U.S. currency weighed down by importers’ month-end dollar demand.
The rupee ended at 72.42 to a dollar compared with 72.32 in the previous session.
Today’s depreciation came despite the fall in the dollar index which fell to its lowest since early January 2021 this Thursday afternoon after dovish signals from the U.S. Federal Reserve.
The benchmark 5.85% bond maturing in 2030 ended lower at Rs 97.58, yielding 6.18%, against Rs 97.83, yielding 6.15% at previous close.
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