Rupee And Bond Update - March 10, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 10, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 10 2021.pdf

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