Reliance Securities: Currency And Bond Update- August 03, 2020
An Indian 2,000 rupee, bottom, and 500 rupee banknotes are arranged for a photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

Reliance Securities: Currency And Bond Update- August 03, 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 flat on Friday against the U.S. dollar .

The rupee settled for the day at 74.81, three paise higher over its previous close of 74.84 on Thursday.

U.S. dollar was weak this Friday afternoon trade and lent support.

Meanwhile, most Asian currencies were stronger against the U.S. dollar this Friday’s session.

The benchmark S&P BSE Sensex and the broader Nifty 50 Index fell 0.34% and 0.26%, respectively, on profit booking.

U.S. dollar recovered on Friday amid covering of shorts after the recent fall.

The euro ended marginally higher on Friday.

Click on the attachment to read the full report:

Reliance Securities Currency & Bond Update - August 03, 2020.pdf


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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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