Rupee And Bond Update - May 14, 2021: Reliance Securities
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 14, 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 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.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 14 2021.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.