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Reliance Securities Report
The Indian rupee appreciated on Friday and for the first time in six weeks against the U.S. dollar supported by expectations of inflows from initial public offerings into the domestic markets.
However weak risk mood in the region capped further appreciation bias.
The rupee ended at 74.64 per dollar compared with 74.71 in the previous session. The unit strengthened by 0.1% this week after weakening by an aggregate of 3.1% in the last five weeks.
However, regional currencies were weak against the U.S. dollar for the week due to concerns over the Delta coronavirus variant and capped appreciation bias of the local unit.
The benchmark 5.85% bond maturing in 2030 ended lower at Rs 97.63 and 6.19% yield, against Rs 98.06 and 6.12% yield on Thursday.
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