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