Rupee And Bond Update - May 12, 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 12, 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 ended steady against the U.S. dollar as exporters’ dollar sales offset the impact of a weak risk appetite in the region.

The rupee ended at 73.34 compared with 73.35 in the previous session. It had fallen to an intra-day low of 73.54 earlier in the session tracking a decline in most Asian currencies which was weighed down on concerns over rising U.S. inflation expectations.

India’s government bond yields settled little changed for a second consecutive session on a lack of fresh cues.

The benchmark S&P BSE Sensex and the broader Nifty 50 index snapped its four-day rally and ended 0.69% and 0.61% lower, respectively, on profit booking on Tuesday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 12 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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