Rupee And Bond Update - January 13, 2021: Reliance Securities 
U.S. dollar and Indian rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 13, 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. 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 13, 2021.pdf

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