Rupee And Bond Update - July 29, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. currency on dollar sales by foreign banks, while inflows from initial public offerings also aided gains.
The rupee ended at 74.38 against 74.46 in the previous session.
The unit had initially appreciated to an intraday high of 74.32 this Wednesday.
Investors were cautious ahead of the U.S. Federal Reserve’s monetary policy decision.
The benchmark S&P BSE Sensex and the broader Nifty 50 index fell for the third consecutive session and ended 0.26% and 0.24% lower respectively on Wednesday.
The benchmark 6.10% bond maturing in 2031 ended at Rs 99.35, yielding 6.19%, against Rs 99.42 and 6.18% yield on Tuesday.
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