Rupee And Bond Update - March 26, 2021: Reliance Securities
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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.
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