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 this week against the U.S. dollar as foreign banks continued to sell the greenback prompting an exit of long positions on the dollar.
The unit strengthened by 0.5% this week. For the session the currency ended flat this Friday.
The rupee ended at 74.89 compared with 74.86 on Thursday.
Meanwhile, the rupee’s focus throughout the week was on the pickup in inflation expectations due to surging commodity prices.
In other news, the Reserve Bank of India’s Monetary Policy Committee minutes showed that members of the rate-setting panel raised concerns over inflation amid global price shocks.
The U.S dollar pared losses on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank should begin reducing its asset purchases soon but should not yet raise interest rates.
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.