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 against the U.S. dollar on Tuesday supported by strong local shares and persistent greenback sales by exporters.
Hopes of higher foreign inflows also aided the local unit.
The rupee ended at 73.71 compared with 73.85 on Monday.
Meanwhile, the dollar index inched remained supported amid uncertainty surrounding U.S. stimulus and elections.
Asian currencies were broadly stronger against the U.S. dollar and lent support to the local unit.
The U.S. dollar index ended with gains on Tuesday as worries persisted about a second coronavirus wave and uncertainty ahead of the U.S. election.
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