Reliance Securities: Currency And Bond Update - November 11, 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 11, 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 for the second consecutive session ended flat against the U.S. currency as continuous dollar-buying by state-run banks, likely on behalf of the central bank, offset the impact of a buoyant global risk appetite.

The rupee ended at 74.18 to the dollar compared with 74.17 in the previous session.

In early trades, the rupee had appreciated to 74.03 maid improved risk appetite on Covid-19 vaccine news.

However, depreciated to an intraday low of 74.33 amid dollar buying from state-run banks, likely for the Reserve Bank of India.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 11 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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