ECONOMY

Rupee And Bond Update – May 24, 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 appreciated on Friday aided by a weak dollar index and dollar inflows.

For the week, the unit rose 0.6%, adding to aggregate gains of 2.3% in the last three weeks.

The rupee ended at 72.83, its highest level in nearly two months, compared with 73.10 in the previous session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for the first time in three days and posted their biggest single session gains in nearly two months. The indices ended 1.97% and 1.81% higher, respectively on Friday.

The benchmark 5.85% bond maturing in 2030 ended at Rs 99.09, yielding 5.98%, against Rs 99.15 and 5.97% yield at the previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update – May 24 2021.pdf

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