Rupee And Bond Update - January 29, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated for the first time in seven sessions as investors fled to the safety of the dollar due to souring risk sentiment in global markets.
The rupee ended at 73.04 compared with 72.92 in the previous session. Earlier in the session, the rupee had depreciated to 73.16 but recouped losses on the back of dollar sales by exporters.
Risk sentiment in the region weakened as most Asian currencies weakened against the U.S. dollar this Thursday.
The benchmark 5.77% bond maturing in 2030 ended higher at Rs 98.82, yielding 5.93%, against Rs 98.67 and 5.96% yield on Wednesday.
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