Reliance Securities: Currency And Bond Update - November 17, 2020
U.S. dollar and Indian rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - November 17, 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 ended flat on Friday, however, for the week the currency depreciated against the U.S. dollar amid as persistent dollar purchases from state-run banks, likely on behalf of the central bank.

The rupee ended at 74.60 to the dollar compared with 74.65 in the previous session. For the week, the rupee depreciated by 0.5%.

The U.S dollar Index is trading weak this Friday afternoon trade, while most of the Asian currencies were stronger against the U.S. dollar and lent support this Friday.

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Reliance Securities Currency Update - November 17 2020.pdf

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