Rupee And Bond Update - January 29, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - January 29, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - January 29 2021.pdf

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