Reliance Securities: Currency And Bond Update - August 14, 2020
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - August 14, 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 Thursday against the U.S. dollar amid muted movement in regional currencies and equities, while markets awaited the retail inflation print for July for further cues on policy rates.

The rupee was quoted at 74.84 to the dollar compared with 74.83 on Wednesday.

Weak U.S. dollar limited depreciation bias, however, with no major trigger, markets witnessed some consolidation today.

Asian currencies were mixed while equities were mostly higher.

The benchmark S&P BSE Sensex and the broader Nifty 50 index pared early gains to end 0.15% and 0.07% lower respectively.

U.S. dollar fell on Thursday against the basket of currencies weighed down by the impasse in Congress about additional U.S. stimulus to help cope with the coronavirus pandemic.

Better than expected claims data limited downside for the U.S. dollar.

Click on the attachment to read the full report:

Reliance Securities Currency & Bond Update - August 14, 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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