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 depreciated against the U.S. dollar on Friday and for the third straight week on bets that high U.S. inflation could prompt a quicker unwinding of bond purchases and earlier than previously expectations of a rate hike by the Federal Reserve.
Additionally, suspected corporate and equity-related dollar outflows also weighed on the local unit.
The rupee ended at 75.77 per dollar, compared with 75.52 close in the previous session.
Briefly the local unit depreciated to intraday low of 75.85, weakest since June 2020, tracking weakness in regional currencies. The unit fell 0.8% this week, adding to the 1.3% fall in the last two weeks.
Indian bond yields ended largely unchanged this week. The benchmark 6.10% bond ended at 6.37%, versus a close at 6.35% in the previous session.
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 author entity 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