Rupee And Bond Update - March 03, 2021: Reliance Securities
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - March 03, 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 for the first time in four sessions against the U.S. currency, supported by local equities amid improved risk appetite.

The rupee ended at 73.36 to the dollar against 73.54 in the previous session.

The local currency had risen to an intraday low of 73.48 earlier in the session, on importers’ dollar demand.

Asian currencies were weaker against the U.S. dollar this Tuesday, tracking the strength of the Greenback and capped appreciation bias.

The benchmark 5.85% bond maturing in 2030 ended at Rs 97.20, yielding 6.24%, against Rs 97.39, yielding 6.21% at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 03 2021.pdf

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