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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.