Rupee And Bond Update - July 13, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - July 13, 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 for the second straight session on Monday against the dollar, tracking gains in most regional currencies and possible inflows related to an upcoming IPO.

The rupee ended at 74.57 compared with 74.64 in the previous session.

A broad risk-on mood also lent support to the local unit on Monday.

Meanwhile, investors will look to cues from U.S. CPI and Federal Reserve Chairman Jerome Powell's testimony this week.

Back home, India’s June retail prices rose at a slightly slower pace than in the previous month, but it remained above the central bank’s tolerance ceiling for a second month on higher fuel and food prices.

The benchmark 5.85% bond maturing in 2030 ended Rs 97.39, yielding 6.22%, against Rs 97.63 and 6.19% yield on Friday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - July 13 2021.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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