Rupee And Bond Update - May 11, 2021: Reliance Securities

An Indian 500 rupee, bottom, and a 2,000 rupee banknotes are arranged for a photograph in Thailand. Photographer Brent Lewin/Bloomberg)

Rupee And Bond Update - May 11, 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 on Monday tracking the weaker dollar as weaker-than-expected U.S. jobs data elevated hopes that the Federal Reserve could maintain its current level of bond purchases for an extended period of time.

The rupee ended at 73.35, compared with 73.51 in the previous session. The rupee traded in the range from 73.34 to 73.48.

Other Asian currencies were also helped by weak U.S. jobs data, and lent support to the domestic currency.

The benchmark 5.85% bond maturing in 2030 ended little changed at Rs 98.82, yielding 6.01%, against Rs 98.81 and 6.02% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 11 2021.pdf


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