Rupee And Bond Update - May 25, 2021: Reliance Securities

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

Rupee And Bond Update - May 25, 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 on Monday against the U.S. dollar, weighed down by importer dollar bids.

Meanwhile, rumours that Reserve Bank of India would cap any sharp rise in the domestic unit also weighed on the local unit.

The rupee ended at 72.96 to the dollar compared with 72.83 in the previous session. The rupee fell 0.2% on Monday, its worst single-session fall in over a month.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.22% and 0.15% higher, on Monday.

The benchmark 5.85% bond maturing in 2030 settled at Rs 99.12, yielding 5.97%, against Rs 99.09 and 5.98% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update - May 25 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.