Rupee And Bond Update - January 22, 2021: Reliance Securities 
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 22, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 22, 2021.pdf


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