Rupee And Bond Update - July 20, 2021: Reliance Securities

An Indian 500 rupee, bottom, and a 2,000 rupee banknotes are arranged for a photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - July 20, 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 against the U.S. dollar on Monday tracking the strength of the Greenback as investors flee to the safety of the dollar amid rise in Covid-19 cases and weak risk appetitive.

Most Asian and other riskier currencies were weak against the U.S. dollar on Monday afternoon trade as investors expressed renewed scepticism over the potential for a strong economic rebound from the pandemic.

The rupee ended at 74.87 this Monday compared with 74.56 in the previous session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 1.10% and 1.07% lower, respectively on Monday.

The benchmark bond ended flat Rs 99.80, yielding 6.13%, against Rs 99.78, yielding 6.13%, at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - July 20 2021.pdf

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