Reliance Securities: Currency And Bond Update- November, 19 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, 19 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 appreciated against the U.S. dollar supported by foreign fund inflows into the domestic equity and debt markets.

However, public sector undertakings’ dollar purchases, rumoured to be on behalf of the central bank, trimmed some of the gains.

The rupee ended at 74.20 to the dollar compared with 74.46 in the previous session. The rupee hit a one-week high of 74.09 earlier in the session.

Meanwhile, Asian currencies were broadly stronger against the U.S. dollar this Wednesday and lent support.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 19, 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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