Rupee And Bond Update - May 21, 2021: Reliance Securities

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Reliance Securities Report

The Indian rupee appreciated marginally against the greenback supported by dollar inflows and weaker dollar.

However, gains were capped on importer hedging, and the Federal Reserve’s bond taper worries weighed on risk appetite.

The rupee ended at 73.10 versus the dollar compared with 73.17 in the previous session.

Meanwhile, most Asian currencies and equities ended weaker and capped gains.

The benchmark S&P BSE Sensex and the broader Nifty 50 index settled lower for the second consecutive day and fell 0.68% and 0.83%, respectively, on Thursday.

The benchmark 5.85% bond maturing in 2030 ended little changed at Rs 99.15, yielding 5.97%, against Rs 99.10 and 5.97% yield at the previous close.

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