Rupee And Bond Update - January 12, 2021: Reliance Securities 
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - January 12, 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 U.S. currency as a rise in U.S. Treasury yields and the dollar index’s rise to its highest level in nearly three weeks weighed on sentiments.

The rupee ended at 73.38 compared with 73.24 in the previous session. The currency had earlier depreciated to 73.51, the weakest since December 28, 2020.

The benchmark 5.77% bond maturing in 2030 ended at 99.87 rupees, yielding 5.93%, against 99.10 rupees and 5.89% yield at previous close.

Meanwhile, government data showed that India’s exports rose 16.2% on year during the first week of this month, aided by higher shipments of engineering goods and petroleum products. Imports also rose 1.1% during the week.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 12, 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.