Reliance Securities: Currency And Bond Update - December 04, 2020
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - December 04, 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 for the second consecutive session against the U.S. dollar weighed down by continuous dollar purchases likely from the central bank probably to mop up portfolio inflows.

The rupee, in early trades, had appreciated to an intraday high of 73.69 on the back of a weak dollar.

Markets will now await the conclusion of the Reserve Bank of India monetary policy meeting.

Asian currencies were mostly higher and lent support.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 04 2020.pdf

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