Rupee And Bond Update - March 05, 2021: Reliance Securities
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 05, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 05 2021.pdf

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