Rupee And Bond Update - March 05, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated for the first time in three sessions as the U.S. dollar continued to move higher this Thursday afternoon trade.
Meanwhile, regional currencies were weak this Thursday afternoon and weighed on sentiments.
However, corporate dollar inflows from capped the depreciation bias of the local unit.
The rupee ended at 72.83 to the dollar against 72.71 in the previous session. The domestic unit traded in a wide 72.60 to 73.03 band this Thursday.
The benchmark 5.85% bond maturing in 2030 ended higher at Rs 97.37, yielding 6.21%, against Rs 97.19 and 6.24% yield at previous close.
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