ECONOMY

Rupee And Bond Update – March 09, 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 third straight session against the dollar, weighed down by higher crude oil prices and as U.S. Treasury yields continue to harden this Monday.

The rupee ended at 73.25 compared with 73.01 in the previous session.

Rising crude oil prices weighed on sentiments amid fears of widening trade deficit.

The U.S. dollar gained tracking a broad rise in Treasury yields this Monday’s trade as concerns about rising inflation in the U.S. intensified and weighed on the local unit.

The benchmark 5.85% bond maturing in 2030 ended at Rs 97.30, yielding 6.22%, against Rs 97.23 and 6.23% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update – March 09 2021.pdf

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