ECONOMY

Rupee And Bond Update – May 07, 2021: Reliance Securities

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The Indian rupee appreciated against the U.S. dollar, tracking gains in local equities and a retreat in the dollar index.

However, worries about the possibility of a third virus wave in the country and a deteriorating growth outlook capped gains.

The rupee ended at 73.76 per dollar compared with 73.91 in the previous session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for a second consecutive session and ended 0.56% and 0.73% on Thursday.

The benchmark 5.85% bond maturing in 2030 ended at Rs 99.10, yielding 5.97%, against Rs 99.07 and 5.98% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update – May 07 2021.pdf

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