Rupee And Bond Update - August 12, 2021: Reliance Securities

Rupee And Bond Update - August 12, 2021: Reliance Securities

An Indian ten rupee banknote and U.S. one-hundred dollar banknotes. (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 Indian rupee could start on a stronger note this Thursday morning against the dollar, following a pullback on the dollar index after U.S. consumer prices rose at a slower pace in July.

The rupee could open around 74.18-74.20 in initial trades compared with 74.43 in the previous session.

Most regional and emerging market currencies have started mostly weaker against the dollar early Thursday morning while, brent crude prices remained above $71/barrel mark and could cap appreciation bias.

Markets could look to cues from consumer price index inflation and index of industrial production and manufacturing numbers after market hours.

Click on the attachment to read the full report:

Reliance Securities Currency - August 12 2021.pdf
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