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 depreciated on Monday against the U.S. dollar, weighed down by dollar purchases from state-run banks, likely for the central bank.
The rupee ended at 73.27 to the dollar compared with 73.13 on Friday. Non-deliverable forward ended at 73.31 on Monday.
The unit had risen to an intraday high of 73.07 earlier in the session maid expectation of portfolio inflows.
Risk appetite was upbeat with the domestic equity markets ended with small gains on Monday.
The benchmark S&P BSE Sensex and the broader Nifty50 index rose for the eight straight session to end 0.21% and 0.14% higher respectively.
The U.S. dollar index was little changed near three-week lows on Monday as optimism over the possibility of a Covid-19 relief bill was curbed by concern over the pandemic.
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