Rupee And Bond Update - June 09, 2021: Reliance Securities

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

Rupee And Bond Update - June 09, 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 marginally on Tuesday against the U.S. dollar amid importer covering and a rebound in the dollar index.

The rupee ended at 72.89 compared with 72.80 in the previous session.

Indian equities ended lower today, while Asian currencies were mostly weaker against the greenback and weighed on sentiments.

Reopening of economies and dovish Fed continue to keep dollar upside limited and lent support.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.88, yielding 6.01%, against Rs 98.77 and 6.02% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - June 09 2021.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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