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 for a fourth successive session against the dollar, as a surge in long-term U.S. Treasury yields deepened fears about outflows from the country’s equity and debt markets.
The rupee ended at 74.15, compared with 74.04 in the previous session.
The unit had briefly weakened to 74.26 earlier in the session, the lowest since August 26, but pared some losses on exporter covering and rumours of Reserve Bank of India’s presence in the market.
Risk appetite in the region remained weak as most Asian currencies ended weaker this Wednesday pressurised by a selloff in the U.S. bond market
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