Rupee And Bond Update - January 07, 2021: Reliance Securities 

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Reliance Securities Report

The Indian rupee appreciated against the dollar as regional currencies strengthened against the dollar on increasing probability that the Democratic Party will take control of the U.S. Senate.

The rupee ended at 73.10 compared with 73.18 in the previous session. Intraday low was 73.19 for the session.

The benchmark S&P BSE Sensex and the broader Nifty 50 index fell for the first time in 11 sessions and closed 0.54% and 0.38% lower, respectively on Wednesday.

The benchmark 5.77% bond maturing in 2030 ended at 99.08 rupees, yielding 5.90%, against 99.40 rupees and 5.85% yield at the previous close.

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