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Reliance Securities Report
The Indian rupee depreciated against the U.S. currency as a rise in U.S. Treasury yields and the dollar index's rise to its highest level in nearly three weeks weighed on sentiments.
The rupee ended at 73.38 compared with 73.24 in the previous session. The currency had earlier depreciated to 73.51, the weakest since December 28, 2020.
The benchmark 5.77% bond maturing in 2030 ended at 99.87 rupees, yielding 5.93%, against 99.10 rupees and 5.89% yield at previous close.
Meanwhile, government data showed that India's exports rose 16.2% on year during the first week of this month, aided by higher shipments of engineering goods and petroleum products. Imports also rose 1.1% during the week.
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