Rupee And Bond Update - January 28, 2021: Reliance Securities
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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%.
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