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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.