Rupee And Bond Update - January 07, 2021: Reliance Securities 
Wednesday 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 07, 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 dollar as regional currencies strengthened against the dollar on increasing probability that the Democratic Party will take control of the U.S. Senate.

The rupee ended at 73.10 compared with 73.18 in the previous session. Intraday low was 73.19 for the session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index fell for the first time in 11 sessions and closed 0.54% and 0.38% lower, respectively on Wednesday.

The benchmark 5.77% bond maturing in 2030 ended at 99.08 rupees, yielding 5.90%, against 99.40 rupees and 5.85% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 07, 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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