Reliance Securities: Currency And Bond Update - November 05, 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 - November 05, 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 against the greenback as investors continued to have faith in the dollar over U.S. election outcome concerns.

The rupee ended at 74.74 to the dollar this Wednesday compared with 74.41 in the previous session.

In early trades, the rupee had fallen to a more-than-two-month low of 74.87.

However, by the end of the session the NDF appreciated against the U.S. Dollar to end at 74.18.

For the rest of the day, investors will continue to monitor the election results being called over.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 05 2020.pdf


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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