Rupee And Bond Update - March 30, 2021: Reliance Securities 
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - March 30, 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 appreciated on Friday amid greenback sales by exporters.

The rupee ended at 72.51 to the dollar against 72.62 in the previous session.

However, for the week the currency remained flat this week against the U.S. currency FPI flows and greenback sales offset broad strength in the dollar.

The benchmark 5.85% bond maturing in 2030 ended marginally higher at Rs 98.02, yielding 6.12%, against Rs 97.96 and 6.13% at the previous close.

India's foreign exchange reserves rose to $582.27 billion as on March 19 from $582.04 billion at the end of the previous week, the Reserve Bank of India said. Foreign currency assets rose to $541.18 billion from $541.02 billion in the prior week.

Click on the attachment to read the full report:

Reliance Securities Currency Update - March 30 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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.