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 dollar on Monday after crude oil prices hit fresh multi-year highs, fuelling inflation concerns.
The rupee ended at 75.08 compared with 74.89 in the previous session.
The local unit fell 0.3% on Monday, its sharpest single session drop since October 11, 2021.
Asian and emerging market currencies were mixed this Monday and struggled for direction.
While, India's benchmark BSE Sensex closed 0.2% higher, recouping some of Friday’s losses.
The U.S. dollar rose from a one-month low on Monday against the basket of currencies, ahead of central bank meetings and economic data coming later this week, boosted by the prospect of a tighter U.S. monetary policy.
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