Rupee And Bond Update For Jan. 14: Reliance Securities
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update For Jan. 14: 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 for the second straight session, tracking the rise in most regional peers and a slight pullback in the dollar index.

The rupee ended at 73.15 against the dollar on Wednesday, compared with 73.26 in the previous session.

The local unit has also been helped by foreign inflows in equities with overseas investors pumping in just over $1.5 billion in Indian shares in the month of January.

The benchmark 5.77% bond maturing in 2030 ended at Rs 98.71, yielding 5.95%, against 98.82 rupees and 5.93% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 14, 2021.pdf

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