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 for the third straight tracking a further recovery in regional equities and currencies as worries over the economic impact of the Omicron mutation of the coronavirus receded.
However, importers' dollar demand capped large gains in the local unit.
The rupee ended at 75.55 per dollar against 75.60 in the previous session. The unit had fallen to an intraday low of 75.65 earlier in the session.
Meanwhile, India's benchmark BSE Sensex ended 1.1% higher, extending yesterday’s gains and lent support to the currency markets this Wednesday.
Indian government bond yields settled largely unchanged this Wednesday. The benchmark 6.10% bond ended at 6.46%, against 6.47% yield close in the previous session.
The U.S. dollar and the benchmark 10-year bond yields eased on Wednesday as traders turned more positive about the economic outlook even as Omicron cases rose and investors braced for more volatility.
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