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 for the first time in four sessions against the Greenback, as the dollar selling by exporters and speculators outweighed the impact of weak risk appetite in the region.
The rupee ended at 73.53 to a dollar compared with 73.58 in the previous session. In initial trades, the currency had weakened to 73.78.
Risk sentiment in the region waned after stalemate continued over the additional coronavirus aid package.
The dollar index advanced amid the risk-off tone and Asian currencies weakened and kept gains limited for the domestic unit.
In other news, the Reserve Bank of India will offer to buy federal government bonds worth up to Rs 200 billion on October 29.
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