Rupee And Bond Update - June 30, 2021: Reliance Securities

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - June 30, 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, tracking an uptick in the dollar index as the spread of the Delta coronavirus strain dented risk appetite in the region.

The rupee ended at 74.22 against 74.19 in the previous session.

Nations like Thailand, Indonesia and Malaysia extended its lockdown and is dealing with record daily infections. Outside of Asia, the U.K. is also dealing with a pickup in infections.

Most regional currencies were weaker against the dollar and weighed on sentiments.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 98.67, yielding 6.04%, against Rs 98.53, yielding 6.06% on Monday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - June 30 2021.pdf

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