Rupee And Bond Update - May 20, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated for the first time in four sessions against the U.S. dollar this Wednesday, weighed down by importers’ dollar demand and a weak regional risk appetite.
The rupee ended at 73.17 versus the dollar compared with 73.05 in the previous session.
Asian currencies weakened, while equities declined this Wednesday ahead of the Fed’s April minutes and also weighed on the local unit.
The benchmark S&P BSE Sensex and the broader Nifty 50 index snapped its two-day rally and ended 0.58% and 0.52% lower on Wednesday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 99.10, yielding 5.97%, against Rs 99.09 and 5.98% yield at the previous close.
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