Rupee And Bond Update - January 18, 2021: Reliance Securities
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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.
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