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 had its worst week against the dollar in six months, tracking a rise in long-term U.S. Treasury yields on worries that surging crude oil prices would worsen the inflation outlook.
The rupee ended at 74.99 compared with 74.78 in the previous session. It had fallen to 75.16 earlier in the session, the lowest since April 22.
For the week, it was down 1.2%, its sharpest drop since April 09, extending a near-1% fall in the last two weeks.
India's Monetary Policy Committee today kept interest rates steady as expected.
However, the central bank will increase its absorption of banking system liquidity to six trillion rupees in 14-day variable rate reverse repos from four trillion rupees.
In the overseas markets, the dollar index ended weaker after disappointing jobs number.
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