Rupee And Bond Update - January 05, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 05, 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. 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 05 2021.pdf

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