BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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, ended flat against the U.S. currency on Monday as persistent dollar purchases by state-run banks -- likely on behalf of the Reserve Bank of India -- offset the impact of positive regional cues.
The rupee ended at 74.17 to the dollar this Monday against 74.20 on Friday.
However, we expect the rupee to appreciate marginally over the next few days amid portfolio flows into the domestic markets and a weaker U.S. dollar.
The only factor limiting the gains of the currency will be RBI coming in and mopping up the flows.
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