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 ended flat against the U.S. dollar this Monday as foreign inflows into local IPO’s offset the impact of a broad dollar strength.
The rupee ended at 74.87 compared with 74.88 in the previous session. The unit had briefly depreciated to an intraday low of 75.04 earlier in the session.
Markets were range bound ahead of the Federal Reserve meeting this week. A taper announcement by the Federal Reserve appears certain but investors will look to cues from details the reduction of the asset purchases.
The dollar eased versus its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session, as traders position themselves ahead of this week's highly anticipated U.S. Federal Reserve policy meeting.
Monetary policy in the Australia and Britain are also in focus, this week.
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