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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar, as an alarming surge in coronavirus infections raised risks to the country’s near-term growth outlook and increased concerns about foreign fund outflows.
However, likely intervention from the Reserve Bank of India, trimmed losses in the unit and kept volatility in check.
The rupee ended at 74.95 compared with 74.88 in the previous session.
The benchmark 5.85% bond maturing in 2030 ended marginally higher at Rs 98.55, yielding 6.05%, against Rs 98.38, yielding 6.07%, at the previous close.
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