Rupee And Bond Update - March 22, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended flat on Friday, however, for the week appreciated against the dollar, aided by fund flows that.
However, further appreciation was capped by a steady uptick in U.S. Treasury yields and Reserve Bank of India’s presence in the market.
The rupee ended at 72.51 compared with 72.53 in the previous session. For the week, the domestic unit gained 0.4%.
Foreign investors have bought close to a net $2.5 billion worth of Indian equities so far this month.
The benchmark 5.85% bond maturing in 2030 ended higher at Rs 97.52, yielding 6.19%, against Rs 97.45 and 6.20% yield at the previous close.
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