Rupee and Bond Update - August 06, 2021: Reliance Securities

Rupee and Bond Update - August 06, 2021: Reliance Securities

Indian five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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 rupee ended at 74.17 against the dollar versus a close of 74.19 in the previous session.

Regional currencies remained flat to marginally higher, while crude oil prices remained subdued and lent support to the local unit.

Investors will also await the U.S. jobs report on Friday to provide indicators on the Federal Reserve’s likely policy outlook.

For the monthly August U.S. dollar-Indian rupee options, the most active Call and Put strikes near the ATM’s are from 73.00 to 75.00.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended with small gains, while Asian equities also rose on Thursday.

Click on the attachment to read the full report:

Reliance Securities Currency - August 06 2021.pdf
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