Reliance Securities: Currency And Bond Update - November 06, 2020
Friday Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - November 06, 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 on Thursday supported by upbeat local equities amid a probability that Democrat Joe Biden could win the U.S. Presidential elections.

The rupee ended at 74.39 to the dollar compared with 74.74 in the previous session.

Rupee also took support amid foreign portfolio investment flows into the local equity markets.

India’s Reliance Industries Ltd. said on Thursday that Saudi Arabia’s sovereign wealth fund Public Investment Fund has agreed to invest Rs 95.55 billion ($1.3 billion) in its retail venture.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 06 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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