Rupee And Bond Update - January 06, 2021: Reliance Securities
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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.
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