Rupee And Bond Update - May 18, 2021: Reliance Securities

An Indian ten rupee banknote and U.S. one-hundred dollar banknotes. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 18, 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 Monday extending gains from Friday against the greenback tracking strong local equities and on bets that the second Covid-19 wave in the country may have peaked.

The rupee ended at 73.21 versus the U.S. dollar against 73.29 in the previous session.

Meanwhile, regional currencies were mostly weaker against the dollar and capped gains.

Meanwhile, India’s wholesale inflation rate quickened by 10.49% on year in April government data showed. The print outpaced a median forecast of 9.05% annual expansion.

The benchmark 5.85% bond maturing in 2030 ended higher at Rs 99.12, yielding 5.97%, against Rs 99.02 and 5.99% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 18 2021.pdf

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