Rupee And Bond Update - May 06, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 06, 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 for the first time in three sessions against the dollar, tracking the strength of the greenback.

The rupee ended at 73.91 compared with 73.85 in the previous session.

Meanwhile, Asian equities and currencies were range-bound this Wednesday and had little impact on the markets.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 99.07, yielding 5.98%, its lowest level since Feb. 11, against Rs 98.81 and 6.01% yield at the previous close.

In other news, Reserve Bank of India Governor Shaktikanta Das acknowledged the risks from the current coronavirus wave in the country and announced measures for easy availability of credit for individual and small businesses.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 06 2021.pdf

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