BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar on Friday as foreign banks’ greenback sales added to the early rise stemming from a further decline in the dollar index in early trades.
The rupee was quoted at 74.84 to the dollar compared with 75.03 on Thursday.
Asian currencies were weak this Friday and limited appreciation bias as the U.S. dollar rebounded from the session’s lows.
Dollar bulls shrugged of weak jobless claims number and also found safe haven appeal amid mounting tensions between U.S. and Iran following the U.S. announcement to restore full sanctions on Iran.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.56% and 0.59% higher, respectively, as regional shares and U.S. equities rose.
The U.S. dollar gained on Friday against the euro for the first week since mid-June after data showed a strong uptick in U.S, business activity.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR