Rupee And Bond Update - May 20, 2021: Reliance Securities
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - May 20, 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 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.

Click on the attachment to read the full report:

Rekiance Securities Currency Update - May 20 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.