Reliance Securities: Currency And Bond Update- 27 July, 2020
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update- 27 July, 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 depreciated against the U.S. dollar on Friday amid risk aversion due to escalating tension between U.S. and China.

The rupee ended at 74.83 to the dollar on Friday compared to 74.76 close in the previous session.

However, for the week, the rupee appreciated on the back of foreign fund inflows and weak U.S. dollar.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.03% and 0.19% lower, respectively on Friday.

U.S. dollar tumbled on Friday near a two year low as risk appetite waned due to a host of concerns including a continued rise in coronavirus cases, a delay in the U.S. stimulus package bill and simmering U.S.-China tensions.

Click on the attachment to read the full report:

Reilance Securities - Currency & Bond Update - July 27, 2020.pdf

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