Rupee And Bond Update - May 17, 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 17, 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 as the dollar was weak in afternoon trade.

The currency appreciated for a third straight week supported by exporters’ dollar sales.

The rupee ended at 73.29 to the dollar compared with 73.42 on Wednesday. The currency strengthened 0.3% this week.

The one-year forward premium was at Rs 3.83 versus Rs 3.82 at previous close.

The benchmark S&P BSE Sensex rose 0.1%, while the Nifty 50 index dropped 0.1% on Friday.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 99.02, yielding 5.99%, against Rs 98.85 and 6.01% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 17 2021.pdf

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