Rupee And Bond Update - May 07, 2021: Reliance Securities
Indian two thousand and five hundered rupee notes arranged for photogaph. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 07, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 07 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.

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