Rupee And Bond Update – July 01, 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.

The Indian rupee depreciated on Wednesday as it continued to be influenced by the Federal Reserve’s hawkish tilt in their recent monetary policy meeting.

The rupee ended at 74.33 to the dollar compared with 74.22 in the previous session, its biggest single-session fall in over a week.

Most regional currencies were also under pressure on Wednesday and weighed on sentiments.

Meanwhile, the obvious risk to the markets is crude oil prices. Brent and West Texas Intermediate both are up by almost 1% this Wednesday.

The benchmark 5.85% bond maturing in 2030 ended at Rs 98.57, yielding 6.05%, against Rs 98.67 and 6.04% yield at previous close.

Click on the attachment to read the full report:

Reliance Securities Currency Update – July 01 2021.pdf


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.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button