Reliance Securities: Currency And Bond Update - December 15, 2020
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - December 15, 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. currency supported by foreign portfolio flows and a weak U.S. dollar.

The rupee ended at 73.58 to the dollar compared with 73.65 on Friday.

The dollar index was down by almost 0.5% at 90.55 this Monday afternoon trade, hovering near its lowest level since April 2018.

The Federal Reserve will come out with its monetary policy review on Wednesday. We believe that the U.S. Fed could provide fresh hints toward adjustments in the asset purchase program and could weigh on the greenback.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 15 2020.pdf

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