Rupee And Bond Update - March 26, 2021: Reliance Securities 
Representational: Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 26, 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 against the dollar for the third straight session as the greenback continued to strengthen, while local equity markets fell for a second straight day further weakened sentiment.

The rupee ended at 72.62 against 72.56 in the previous session.

Earlier in the session, it had weakened to an intraday low of 72.69.

The BSE Sensex tumbled 1.51%, while the broader Nifty Index fell by 1.54% this Thursday, after having fallen yesterday amid worries that a rise in Covid-19 cases could prompt lockdowns.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 97.96, yielding 6.13%, against Rs 97.81 and 6.15% at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 26 2021.pdf


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.

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