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Reliance Securities Report
The Indian rupee appreciated against the dollar on exporters' dollar sales and corporate dollar inflows.
The rupee ended at 74.40 this Friday compared with 74.46 in the previous. However, lack of any major triggers kept the local unit in small trading range this Friday between 74.39-74.57.
However the currency posted its third consecutive weekly rise against the dollar, as risk appetite improved as regional equities and currencies shrugged off worries over a surge in coronavirus infections.
The rupee appreciated by 0.2% last week, adding to total gains of 0.2% in the last two weeks.
The benchmark 6.10% bond maturing in 2031 ended lower at Rs 99.52, yielding 6.16%, against Rs 99.72 and 6.14% at the previous close.
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