Rupee And Bond Update - May 14, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar on Wednesday tracking the strength of the greenback ahead of key data.
The rupee ended at 73.42 per dollar compared with 73.34 in the previous session.
The rupee, along with other Asian currencies came under pressure this Wednesday on worries that growing inflationary pressure in the U.S. may prompt the Federal Reserve to scale back stimulus.
The benchmark S&P BSE Sensex, tracking regional peers, ended 1% lower, and also weighed on the domestic unit this Wednesday.
The benchmark 5.85% bond maturing in 2030 ended little changed at Rs 98.85, yielding 6.01%, against Rs 98.86 and 6.01% yield at the previous close.
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