Rupee And Bond Update - January 11, 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 11, 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 dollar on Friday supported by hopes of additional fiscal stimulus in a Democrat-controlled U.S. government.

The rupee ended at 73.24 compared with 73.33 in the previous session.

The local unit had weakened to 73.46 earlier on Friday probably on the back of importers’ greenback bids, firm oil prices and an uptick in the dollar index, but recouped losses on the back of strong local equities.

The benchmark 5.77% bond maturing in 2030 ended unchanged at 99.10 rupees, yielding 5.89%.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 11, 2021.pdf


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