Rupee And Bond Update - June 08, 2021: Reliance Securities

An Indian 2,000 rupee banknote. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - June 08, 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 against the dollar on Monday as easing of Covid-19 cases as well as lifting of restrictions in major Indian cities kept sentiment positive.

Additionally, investors’ concerns eased that the U.S. Federal Reserve would tighten its current dovish monetary policy after a weaker-than-expected U.S. non-farm payroll report and weighed on the dollar and lent support.

The rupee ended at 72.8000 versus the dollar compared with 72.9950 in the previous session.

The one-year forward premium was at Rs 3.17, against Rs 3.23 in the previous session.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.77, yielding 6.02%, against Rs 98.73, and 6.03% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - June 08 2021.pdf

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