ECONOMY

Rupee And Bond Update – July 30, 2021: Reliance Securities

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The Indian rupee appreciated against the U.S. currency on Thursday tracking the decline in the dollar index after dovish Federal Reserve Chairman’s comments.

The rupee ended at 74.29 this Thursday against 74.38 in the previous session.

The unit had initially strengthened to an intraday and a three-week high of 74.24.

Other Asian currencies also ended with gains this Thursday and aided sentiments.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.40% and 0.44% higher, respectively on Thursday.

The benchmark 6.10% bond maturing in 2031 ended lower at Rs 99.28, yielding 6.20%, against Rs 99.35 and 6.19% yield yesterday, ahead of tomorrow’s weekly debt auction.

Click on the attachment to read the full report:

Reliance Securities Currency Update – July 30 2021.pdf

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