Rupee And Bond Update - January 21, 2021: Reliance Securities 
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 21, 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 in three weeks, tracking a broad dollar decline amid a firm risk appetite in the region.

The rupee ended at 73.03 compared with 73.17 in the previous session. The rupee appreciated 0.2% this Wednesday, its best day since December 31.

The dollar index was marginally down this Wednesday by 0.05% at 90.45 extending from yesterday’s weakness supported by firm risk appetite in the region.

The benchmark 5.77% bond maturing in 2030 ended at 98.75 rupees, yielding 5.94%, against 98.79 rupees and 5.94% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 21, 2021.pdf

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