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 fourth session in amid dollar sales on optimism about a resolution to the Ukraine issue and in anticipation of inflows.
The rupee ended at 74.51 compared with 74.66 on Friday.
The local unit hit an intraday high 74.35 during the day.
Meanwhile, the Asian currencies appreciated against the U.S. dollar after the U.S. and Russia had agreed in principle to hold a summit to discuss security and strategic stability in Europe.
Additionally, foreign banks were on the selling side for the pair, as they may have been receiving inflows ahead of the initial share sale plan of the nation’s largest insurer, LIC.
Indian government bond yields ended higher on Monday. The benchmark 6.54% bond ended 6.69%, versus 6.66% on Friday.
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