Rupee And Bond Update - March 30, 2021: Reliance Securities
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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.
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