Reliance Securities: Currency And Bond Update - November 06, 2020
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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.
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