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 on Friday and posted its worst month against the U.S. currency in 11 months as a surge in bond yields in the United States prompted fears of higher outflows from the country's equities and debt.
The rupee ended at 73.47 to the dollar this Friday compared with 72.42 in the previous session. The currency fell by 1.5% this Friday, its worst day since March 23, 2020.
Apart from U.S. bond yields, rebound in the dollar index to 90.60 levels also weighed on sentiments this Friday.
The benchmark 5.85% bond maturing in 2030 ended lower at Rs 97.25, yielding 6.23%, its highest since April 17, 2020 and against Rs 97.58, yielding 6.18% at previous close.
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