Rupee And Bond Update - March 25, 2021: Reliance Securities 
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 25, 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 slumped against the U.S. currency, as the U.S. dollar rose to a four month high on Wednesday afternoon session amid concerns over a third Covid-19 wave in Europe, and escalating tensions between the West and China weighed on the risk appetite.

The rupee ended at 72.56 to the dollar against 72.42 in the previous session. The local unit had tested an intraday low of 72.69.

A crash in local shares also intensified the slump this Wednesday.

The benchmark 5.85% bond maturing in 2030 ended marginally lower at Rs 97.81, yielding 6.15%, against Rs 97.87, yielding 6.14%, at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 25 2021.pdf

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