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 Monday tracking weakness in the local equity market as investors stayed cautious ahead of the U.S. Federal Reserve's monetary policy meeting this week.
However, the losses were capped as foreign fund inflows in to the LIC IPO.
Markets were shut on Tuesday on account of Eid holiday.
The rupee ended at 76.52 from 76.43 close on Thursday.
The LIC IPO is scheduled between May 4 and May 9 and will sell a 3.5% stake to investors.
Indian bonds yields ended marginally lower as oil prices eased, but investors remained cautious ahead of the Fed meeting this week.
The benchmark 6.54% bond ended at 7.12%, versus 7.14% close on Friday.
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