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 ended marginally weak on Friday and logged its worst week against the dollar in two months amid a recovery of the greenback and escalating tensions between India and China.
Additionally, delay of a possible Covid-19 vaccine and fresh Brexit concerns also weighed on the currency as markets turned cautious.
The rupee ended at 73.54 to the dollar compared with 73.46 on Thursday. For the week, the unit fell 0.5% against the U.S. dollar.
However, portfolio inflows this week limited depreciation bias of the currency.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended flat on Friday.
The U.S. dollar index fell marginally against the basket of currencies on Friday. The index though showed a second week of gains.
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