Rupee And Bond Update - April 22, 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 ended flat against the U.S. currency this Tuesday, as lingering concerns over the economic impact of surging coronavirus infections offset the impact of a broad dollar decline.

The rupee ended at 74.88, unchanged against previous session. The currency had initially strengthened to 74.65 to the dollar earlier in the session, but gave up gains to fall to the day's low of 74.99 on importer covering.

The major driver to the rupee’s outlook in the coming days could rest on the economic impact of the current coronavirus wave in the country and how soon the vaccine rollouts occur.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.38, yielding 6.07%, against Rs 98.33 yielding 6.08% at the previous close.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.