Reliance Securities: Currency And Bond Update - December 16, 2020
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer/Dhiraj Singh Bloomberg)

Reliance Securities: Currency And Bond Update - December 16, 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 marginally against the dollar this Tuesday tracking weakness in most regional currencies as risk appetite waned as many countries are imposing fresh Covid-19 restrictions which could derail a global economic recovery.

The rupee ended at 73.64 to the dollar compared with 73.58 close on Monday.

Investors also refrained themselves from taking large positions ahead of the Fed monetary policy decision.

Along with Fed, we have the Bank of England and Bank of Japan monetary policies this week and their forward guidance on the respective economies will be keenly awaited.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 16 2020.pdf

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