Rupee And Bond Update - May 10, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated on Friday against the U.S. currency supported by an upbeat risk mood in the region.
The rupee ended at 73.51 compared with 73.76 in the previous session.
For the week the currency recorded a second straight weekly rise against the U.S. currency, tracking the weakness of the dollar and upbeat economic data in the U.S. continued to surprise positively, supporting demand for risk assets.
For the day, the rupee strengthened by 0.3%, for the week, it strengthened 0.7%.
The Indian currency also took support from the rising local equities this Friday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.81, yielding 6.02%, against Rs 99.10 and 5.97% yield at the previous close.
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