Rupee And Bond Update - March 12, 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 12, 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 ended flat against the U.S. currency on Wednesday, as strong local equities offset the impact of rebound in the dollar index and a pullback in U.S. Treasury yields.

The rupee ended at 72.91 compared with 72.92 in the previous session.

The rupee opened at 72.97 today, and fell to the session’s low of 73.10, on dollar purchases by some state-run banks and likely importers bids.

The benchmark 5.85% bond ended higher yielding 6.25%, its highest level since April 17, 2020 against 6.21% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 12 2021.pdf

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