Reliance Securities: Currency And Bond Update - August 11, 2020
Indian rupee and U.S. dollar banknotes. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - August 11, 2020

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities Report

The Indian rupee ended with marginal gains this Monday against the U.S. currency supported by dollar inflows and strong local shares.

However, a rebound in the U.S. dollar offset the gains stemming from the flows.

The rupee ended at 74.89 to the dollar against 74.93 in the previous session. The local unit traded in a 10 paise band in the intraday session.

Meanwhile, the gains in the rupee were also aided by a rally in Indian equity markets.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.37% and 0.54%, higher, respectively on Monday.

U.S. dollar ended higher on Monday as investors focused on the fiscal stimulus plan in the United States and U.S.-China tensions ahead of key trade talks this week.

Click on the attachment to read the full report:

Reliance Securities Currency & Bond Update - August 11, 2020.pdf

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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 brokerage and do not represent the views of BloombergQuint.

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