Reliance Securities: Currency And Bond Update - December 14, 2020
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - December 14, 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 ended flat this Friday as persistent dollar purchases from Reserve Bank of India offset gains from foreign equity inflows into the domestic markets.

The rupee ended at 73.65 to the dollar compared with 73.66 in the previous session. For the week the local unit appreciated by 0.2%.

Optimism surrounding the roll-out of vaccine and hopes of additional U.S stimulus aid has also helped the local unit.

The dollar index was trading with small gains this Friday afternoon and kept appreciation bias limited.

The benchmark 5.77% bond maturing in 2030 ended at 98.64 rupees, yielding 5.96%, against 98.93 rupees, yielding 5.92% on Thursday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 14 2020.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.