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 ended flat on Wednesday against the U.S. dollar for the second straight day as markets turned cautious ahead of the Fed Speech from Jerome Powell on Thursday.
Sentiments remained upbeat supported by optimism surrounding the U.S.-China Phase 1 trade deal and foreign fund inflows into the domestic equity markets.
However, appreciation was limited due to likely intervention by the central bank in the spot and forwards market to counter the impact of dollar portfolio inflows into the counter.
The rupee was quoted at 74.30 to the dollar this Wednesday compared with 74.32 on Tuesday.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.59% and 0.67% higher, respectively on Wednesday.
The U.S. Dollar index edged lower on Wednesday but stayed within a relatively tight range a day ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell.
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