Rupee And Bond Update - March 25, 2021: Reliance Securities
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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.
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