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 this Monday tracking a broad decline in the dollar index and rebound in equities.
The rupee ended at 74.72 compared with 75.01 in the previous session. The rupee strengthened by 0.4% this Monday, its biggest single-session rise since April 16, 2021.
Meanwhile, now investors will be keenly awaiting the U.S. Federal Reserve and Bank of Japan meetings this week.
However, there is a possibility that the meetings could be a non-event for currencies as both governors could continue to signal a dovish stance on the monetary policy and continue their bond purchasing program.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.64, yielding 6.04%, against Rs 98.66 and 6.04% yield at the previous close.
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