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

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.