Rupee And Bond Update - January 28, 2021: Reliance Securities
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 28, 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 ended flat against the U.S. currency, as rumoured dollar purchases likely for the central bank, offset the impact of foreign banks greenback sales and was selling pressure on the dollar in the spot market.

The rupee ended at 72.92 compared with 72.94 in the previous session. The unit had opened at 72.91, but had appreciated to a near-five-month high of 72.78 earlier in the session.

Asian currencies were mostly weaker this Wednesday. The dollar index rose this Wednesday ahead of the outcome from the Fed meeting.

The benchmark 5.77% bond maturing in 2030 ended unchanged at Rs 98.67, yielding 5.96%.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 28 2021.pdf

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