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. dollar on Thursday in volatile session tracking sharp losses in domestic equities and dollar demand from importers.
The rupee ended at 74.50 compared with 74.43 close in the previous session.
India's benchmark BSE Sensex fell 1.1% this Thursday, while foreign investors have net sold $1.1 billion of Indian equities in the last six sessions and weighed on sentiments.
Meanwhile, Asian peers were stronger after the People’s Bank of China reduced the one-year loan prime rate by 10 basis points, after cutting the benchmark by five basis points in December to address the growth slump in Asia’s largest economy.
The Chinese central bank's decision supported Asian peers and capped weakness.
Some respite also came from slightly weaker crude oil prices which was trading marginally in the red this Thursday afternoon trade in Asia.
The U.S. dollar rebounded, while the non dollar currencies were weak on Thursday.
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