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 marginally on Thursday against the U.S. currency amid a further rally in local equities and a decline in the dollar index.
The rupee ended at 73.24 compared with 73.34 close on Wednesday.
The dollar index was down against rivals this Thursday afternoon trade and supported sentiments.
Lack of any major triggers kept the local in a narrow trading band this Thursday.
Markets may look ahead to the Reserve Bank of India’s Monetary Policy meeting today.
The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for the sixth straight session to end 0.76% and 0.82% higher, respectively on Thursday.
The U.S. dollar was little changed against a basket of currencies on Thursday as investors waited for fresh news on whether new U.S. fiscal stimulus is likely in the near term.
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