Rupee And Bond Update - February 26, 2021: Reliance Securities 
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj SinghBloomberg)

Rupee And Bond Update - February 26, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 26 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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