Rupee And Bond Update - July 15, 2021: Reliance Securities

Indian rupee and U.S. dollar banknotes are arranged for a photograph in Mumbai, India, on  (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - July 15, 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 on Wednesday as higher inflation from the U.S could taper of bond purchases sooner than expected.

The rupee ended at 74.58 versus 74.49 close on Tuesday.

Asian currencies also weakened this Wednesday and while several countries tightened restrictive measures as cases involving the virus’ Delta variant increased and also weighed on sentiments.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended higher by 0.25% and 0.26%, respectively on Wednesday.

The benchmark 6.10% bond maturing in 2031 ended at Rs 99.93, yielding 6.11%, against Rs 99.98, yielding 6.10% yesterday, as traders awaited fresh cues.

Click on the attachment to read the full report:

Reliance Securities Currency Update - July 15 2021.pdf

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