Reliance Securities: Currency And Bond Update - December 07, 2020
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

Reliance Securities: Currency And Bond Update - December 07, 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 appreciated against the U.S. dollar supported by the weakness of the U.S. currency.

The rupee ended at 73.80 to the dollar compared with 73.90 in the previous session.

The rupee, in early trades, had appreciated to an intraday high of 73.75 on the back of a weak dollar and possibly foreign fund inflows into the domestic equity markets.

Additionally, a combination of optimism surrounding the Covid-19 vaccine and talks of a stimulus aid package also supported the domestic unit.

Meanwhile, Reserve Bank of India’s monetary policy had very little impact on the currency this Friday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 07 2020.pdf

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