Reliance Securities: Currency And Bond Update- July 29, 2020
Indian currency notes of Rs 2,000 denomination are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update- July 29, 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 Wednesday ahead of the conclusion of the Federal Reserve System meeting.

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

The benchmark S&P BSE Sensex and the broader Nifty 50 Index ended 1.47% and 1.52% higher, respectively, supported by gains in most Asian equities.

Foreign fund inflows kept depreciation bias limited, while possible intervention from the central bank kept the appreciation bias limited.

However, rise in cases in Covid-19 dented hopes for a quick economic recovery and weighed on the Greenback.

The euro fell against the U.S. dollar on Tuesday amid a recovery in the Greenback.

Click on the attachment to read the full report:

Reliance Securities Currency & Bond Update - July 29, 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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