Rupee And Bond Update - March 10, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
The rupee ended at 72.92 compared with 73.25 in the previous session.
The dollar backed away from three and half month highs on Tuesday as U.S. Treasury yields stabilised.
Most of the non-dollar currencies like the euro and sterling gained this Tuesday as both currencies benefiting as the dollar took a breather.
The benchmark 5.85% bond maturing in 2030 ended at Rs 97.42, yielding 6.21%, against Rs 97.30 and 6.22% yield at previous close.
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