Reliance Securities: Currency And Bond Update - December 03, 2020
Wednesday Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - December 03, 2020

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 against the U.S. dollar as possible intervention by the central bank in the spot market.

The rupee ended at 73.80 to the dollar compared with 73.68 in the previous session.

In early trades, the rupee had appreciated to an intraday high of 73.44 tracking the weakness of the U.S dollar.

Meanwhile, other Asian currencies were boosted by a further fall in the dollar index to its lowest levels since April 2018.

Investor focus will be on the Monetary Policy Committee’s three-day interest rate-setting meeting that starting today, with the decision due Friday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 03 2020.pdf

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