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 appreciated on Friday, but for the week the it ended weak for the fourth straight week against the U.S. dollar on the back of a consistent rise in crude oil prices that prompted concerns of higher inflation.
The rupee ended at 75.26 to a dollar compared with 75.37 in the previous session.
For the week, it depreciated 0.4%, adding to the 2% drop in the last three weeks.
In the overseas markets, the dollar index remained range bound, but settled weaker and below the 94.00 level.
The dollar ended its five-week winning streak, as global risk appetite rebounded, helping reduce demand for the safe haven currency.
U.S. retail sales data was also upbeat on Friday and pushed investors out of safe havens like the dollar.
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