Rupee And Bond Update - March 24, 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 depreciated for the first time in five sessions against the U.S. dollar, tracking broad dollar strength.
However, losses were capped amid dollar inflows.
The rupee ended at 72.42 to the dollar against 72.37 in the previous session.
It traded in an 18-paise band this Tuesday, having earlier hit a session-high of 72.28.
The benchmark 5.85% bond maturing in 2030 ended higher and ended at Rs 97.87, yielding 6.14%, its lowest since February-18 and against Rs 97.61, yielding 6.18%, at the previous close on Monday.
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.