Rupee And Bond Update - January 22, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the dollar this Thursday amid improved risk sentiment in the region supported by hopes that the new U.S. president’s policies would accelerate economic recovery.
However, rumours of dollar purchases likely on behalf of the central bank capped gains.
The rupee ended at 72.99 compared with 73.03 in the previous session.
The benchmark 5.77% bond maturing in 2030 ended at Rs 98.65, yielding 5.96%, against Rs 98.75 and 5.94% yield at the previous close.
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