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 on Thursday supported by continuous dollar sales from foreign banks and equity-related inflows.
The rupee ended at 74.41, appreciating by 0.4% this Thursday, its strongest since November 24, compared with 74.74 close in the previous close.
Most Asian currencies gained despite a stronger dollar this Thursday and lent support to the local unit.
Indian bond yields ended marginally higher on Thursday.
The benchmark 6.10% bond ended at 6.47%, compared with and a yield of 6.46% close in the previous close.
The dollar rose against major rival currencies in holiday-thinned trading on Thursday as a dip in weekly jobless claims data helped ease fears that a surge of Covid-19 infections would curb the economic recovery.
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