Rupee And Bond Update - March 08, 2021: Reliance Securities 
An Indian five hundred rupee banknote is arranged for a photograph. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 08, 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 on Friday as the dollar index extended yesterday's rebound amid the weak risk mood in the region.

The rupee ended at 73.01 to the dollar against 72.83 in the previous session.

However, for the week, the local unit appreciated aided by a slew of foreign dollar inflows and exporters’ greenback sales. The rupee traded in a broad 72.58 to 73.78 range this week.

Another potential risk factor for the rupee this week was higher crude oil prices. Brent crude is up by 3% this week.

The benchmark 5.85% bond maturing in 2030 ended at Rs 97.23, yielding 6.23%, against Rs 97.37 and 6.21% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 08 2021.pdf

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