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:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.