Rupee And Bond Update - January 13, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. currency on Tuesday supported by inflows in local shares.
However, gains were capped as the dollar index remained steady, while the U.S. Treasury yields rose in the Tuesday afternoon session.
The rupee ended at 73.26 compared with 73.38 in the previous session.
The currency initially depreciated to the day’s low of 73.45 earlier in the session amid risk aversion due to political turmoil in Washington.
The benchmark 5.77% bond maturing in 2030 ended at 98.82 rupees, yielding 5.93%, against 98.87 rupees and 5.93% yield at previous close.
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