Rupee And Bond Update – March 02, 2021: Reliance Securities

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Reliance Securities Report

The Indian rupee depreciated against the U.S. currency on Monday tracking the strength of the Greenback and importers’ dollar demand.

However, depreciation was capped after the U.S. Treasury yields took a breather this Monday.

The rupee ended at 73.54 compared with 73.47 in the previous session. The currency had earlier weakened to 73.78.

The benchmark 5.85% bond maturing in 2030 ended higher for the first time in three sessions and was at Rs 97.39, yielding 6.21%, against Rs 97.25, yielding 6.23% at the previous close.

Gross goods and services tax collection in February stood at Rs 1.13 trillion ($15.39 billion) down from a record high of about Rs 1.20 trillion last month, according to a government statement.

Click on the attachment to read the full report:

Reliance Securities Currency Update – March 02 2021.pdf


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