Rupee And Bond Update - March 23, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 23, 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 on Monday aided by exporters’ dollar sales.

The rupee ended at 72.37 compared with 72.51 in the previous session.

Additionally, foreign investors remained net buyers of Indian equities and have bought more than $1.5 billion last week, taking monthly inflows to over $3.2 billion and lent support to the local unit.

Asian currencies and equities were broadly mixed.

The benchmark 5.85% bond maturing in 2030 ended at Rs 97.61, yielding 6.18%, it’s lowest since March 16 and against Rs 97.52, yielding 6.19%, at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 23 2021.pdf

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