Rupee And Bond Update - May 10, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 10, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 10 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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