Indian Rupee And Bond Update : The rupee appreciated against the U.S. dollar supported by persistent greenback sales by foreign banks and weaker dollar.
Indian Rupee And Bond Update
The rupee ended at 72.32 compared with 72.46 in the previous session. The rupee had strengthened to an intra-day high of 72.27 earlier in the session, but had slipped to the day’s low of 72.41 probably on the back of likely intervention from Reserve Bank of India.
The benchmark 5.85% bond maturing in 2030 ended higher for a second session at Rs 97.83, yielding 6.15%, against Rs 97.65, yielding 6.17% at previous close.