Rupee And Bond Update - January 06, 2021: Reliance Securities 
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

Rupee And Bond Update - January 06, 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 against the dollar this Tuesday tracking losses in most Asian currencies on concerns about more lockdowns in major economies.

The rupee also came under pressure amid rumours on heavy dollar purchases by foreign banks on news of geopolitical tensions related to Iran.

The rupee ended at 73.18 compared with 73.02 in the previous session.

The rupee weakened despite the dollar Index remaining sluggish against the basket of currencies this Tuesday.

The benchmark 5.77% bond maturing in 2030 ended at 99.40 rupees, yielding 5.85%, its lowest since October 27, and against 99.34 rupees and 5.86% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 06 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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