Rupee And Bond Update - May 07, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar, tracking gains in local equities and a retreat in the dollar index.
However, worries about the possibility of a third virus wave in the country and a deteriorating growth outlook capped gains.
The rupee ended at 73.76 per dollar compared with 73.91 in the previous session.
The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for a second consecutive session and ended 0.56% and 0.73% on Thursday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 99.10, yielding 5.97%, against Rs 99.07 and 5.98% yield at the previous close.
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