Rupee And Bond Update - March 03, 2021: Reliance Securities
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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.
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