Reliance Securities: Currency And Bond Update - November 13, 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 13, 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 Securiities Report

The India rupee depreciated further against the U.S. currency on persistent state-run banks’ greenback bids, rumoured to be on behalf from the central bank and for defence-related payments.

The local unit was also weighed down stemming from a weak risk appetite in the region.

The rupee ended at 74.65 to the dollar compared with 74.38 in the previous session.

Meanwhile, weak Indian and other Asian equities also weighed on the local unit as Covid-19 vaccine optimism faded and second wave of infections in the U.S. and Europe which will dent on the growth outlook in coming months.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 13 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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