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 this Wednesday, lifted by foreign banks dollar sales and fund inflows into local equities and on expected flows from offshore bond offerings.
The rupee ended at 74.36 compared with 74.55 close in the previous session.
The currency also got support from strong domestic equities. India's benchmark BSE Sensex rose by 0.6%.
Meanwhile, so far this year, foreign investors have pumped in $482 million into Indian stocks.
U.S. bond yields jumped, while the dollar recouped some of its losses on Wednesday after minutes from the last Federal Reserve meeting showed that the U.S. central bank may need to raise interest rates sooner than expected to curb inflation.
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