Rupee And Bond Update - March 02, 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 - March 02, 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. currency on Monday tracking the strength of the Greenback and importers’ dollar demand.

However, depreciation was capped after the U.S. Treasury yields took a breather this Monday.

The rupee ended at 73.54 compared with 73.47 in the previous session. The currency had earlier weakened to 73.78.

The benchmark 5.85% bond maturing in 2030 ended higher for the first time in three sessions and was at Rs 97.39, yielding 6.21%, against Rs 97.25, yielding 6.23% at the previous close.

Gross goods and services tax collection in February stood at Rs 1.13 trillion ($15.39 billion) down from a record high of about Rs 1.20 trillion last month, according to a government statement.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 02 2021.pdf

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