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 dollar on Monday tracking broad advances in regional peers and strong local equities.
Likely absence of the Reserve Bank of India in the spot market also led to some trimming of dollar long positions.
The rupee at 74.04 to a dollar its strongest since November 8 against the 74.31 close in the previous session.
Asian currencies were trading higher, helped by the dollar index dropping on Friday, after a weak U.S. non-farm payrolls number.
Indian government bond yields rose on Monday with the benchmark 6.10% bond ending at 6.59%, compared with 6.54% on Friday.
The U.S. dollar edged higher against a basket of currencies on Monday amid expectations of a quicker than previously estimated rate hikes by the Federal Reserve this year.
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