Rupee And Bond Update - January 05, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. currency tracking upbeat Asian peers on the back of a broad decline in the dollar index.
The rupee ended at 73.02 compared with 73.12 in the previous session. Earlier in the session, it appreciated to a four-month high of 72.91, but pared gains on the back of dollar purchases.
The Chinese yuan led Asian currencies higher, after strengthening to an over-two-year high of 6.44 to the dollar earlier in the session.
The benchmark 5.77% bond maturing in 2030 ended at 99.34 rupees, yielding 5.86%, the lowest since November 05, against 99.05 rupees and 5.90% yield at the previous close.
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