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Reliance Securities: Currency And Bond Update - November 18, 2020

Reliance Securities: Currency And Bond Update - November 18, 2020

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

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 dollar for a second consecutive session amid improved risk appetite in the region supported by news of another potentially effective coronavirus vaccine.

However greenback purchases from public sector undertaking banks, likely on behalf of the central bank, along with importers’ dollar demand, offset gains.

The rupee ended at 74.46 against the dollar compared with 74.60 close on Friday.

The currency had risen to an intraday high of 74.39, but fell to the day’s low of 74.63 on persistent dollar buying by state-run banks.

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Reliance Securities Currency Update - November 18 2020.pdf

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