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 Thursday against the U.S. dollar as suspected intervention by the central bank in the spot market offset the impact of a broad dollar decline. The Rupee ended at 74.76 to the dollar on Thursday unchanged against previous session.
Sentiments remained mixed yesterday as escalating tensions between U.S. and China weighed on Asian currencies and the domestic unit. At the same time foreign fund inflows and weak dollar kept depreciation bias limited.
The benchmark Bombay Stock Exchange (BSE) Sensex and the broader National Stock Exchange (NSE) Index ended 0.71% and 0.74% higher, respectively on Thursday. The one-year forward premium was at 2.93 paise, unchanged against the previous session.
U.S. dollar fell against the basket of currencies on Thursday as investors continued to sell the greenback on expectations a surge in coronavirus cases will make it difficult for the U.S. economy to outperform its peers.
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