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 depreciated against the U.S. currency as a rise in U.S. Treasury yields and the dollar index’s rise to its highest level in nearly three weeks weighed on sentiments.
The rupee ended at 73.38 compared with 73.24 in the previous session. The currency had earlier depreciated to 73.51, the weakest since December 28, 2020.
The benchmark 5.77% bond maturing in 2030 ended at 99.87 rupees, yielding 5.93%, against 99.10 rupees and 5.89% yield at previous close.
Meanwhile, government data showed that India’s exports rose 16.2% on year during the first week of this month, aided by higher shipments of engineering goods and petroleum products. Imports also rose 1.1% during the week.
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