Rupee And Bond Update - January 18, 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 18, 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 ended flat against the U.S. currency this Friday, however, for the week the local unit appreciated against the U.S. dollar aided by persistent equity and corporate fund-related dollar inflows.

However, persistent intervention from the Reserve Bank of India did not allow the local unit to strengthen above 73 levels.

The rupee ended at 73.07, against 73.04 in the previous session. The unit rose 0.2% this week, after falling 0.2% last week.

The benchmark 5.77% bond maturing in 2030 ended at 98.42 rupees, yielding 5.99%, its highest since October 08 and 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 18, 2021.pdf

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