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 marginally against the dollar on Thursday and ended over three-month high tracking a broad dollar decline.
However, expectations that the country's central bank is unlikely to allow the local unit to appreciate from current levels capped gains.
The rupee ended at 73.88 its strongest since September 27, versus 73.91close in the previous session.
Meanwhile, the Asian peers were broadly stronger against the dollar index tracking broad weakness in the greenback over the last two trading sessions, while stronger domestic equities also aided sentiments.
The U.S. dollar fell against a basket of currencies on Thursday to a two-month low, a day after data that showed an expected surge in U.S. consumer prices in December fell short of offering any new impetus for the Federal Reserve's policy normalisation efforts.
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