Rupee And Bond Update - May 19, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated this Tuesday against the U.S. dollar tracking the broad dollar weakness, upbeat risk appetite and strong local equities.
Moreover, the Reserve Bank of India’s absence in the spot market also led to exit of dollar longs.
The rupee ended at 73.05 versus the dollar against 73.21 in the previous session. The unit had risen to a near two-month high of 72.95 earlier in the session.
Meanwhile the South Korean won led regional currencies higher against the greenback and provided added support.
The benchmark 5.85% bond maturing in 2030 ended at Rs 99.09, yielding 5.98%, against Rs 99.12 and 5.97% yield at the previous close.
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