Reliance Securities: Currency And Bond Update - December 08, 2020
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)

Reliance Securities: Currency And Bond Update - December 08, 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. currency due to likely intervention from the Reserve Bank of India and sharp rebound of the U.S. dollar Index in Monday afternoon trade.

The local unit initially was strong against the U.S. dollar supported by hefty foreign equity inflows.

The rupee ended at 73.90 to the dollar compared with 73.80 in the previous session. The currency’s day high was 73.70 and the day's low was 73.96.

The benchmark 5.77% bond maturing in 2030 ended at 98.87 rupees, yielding 5.92%, against 99.06 rupees, yielding 5.90%, on Friday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 08 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.

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