Reliance Securities: Currency And Bond Update- July 28, 2020
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)  

Reliance Securities: Currency And Bond Update- July 28, 2020

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 against the U.S. dollar on Tuesday as gains from weak U.S. dollar Index was offset by possible intervention by RBI.

The rupee ended at 74.83 to the dollar on Monday unchanged from the previous session.

Asian currencies were stronger on the back of weak U.S. dollar and aided sentiments.

The benchmark S&P BSE Sensex and the broader Nifty 50 Index fell 0.51% and 0.56%, respectively on Monday.

U.S. dollar tumbled on Monday as investors exited the safe haven currency as they increased bets the Federal Reserve could remain accommodative in its outlook this week.

No major announcements are anticipated but analysts expect policymakers may begin laying the groundwork for more action in September or the fourth quarter.

Click on the attachment to read the full report:

Reliance Securities Currency & Bond Update - July 28, 2020.pdf

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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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