Reliance Securities: Currency And Bond Update- November, 20 2020
A bus conductor holds a fan of Indian rupee banknotes on a bus in Kolkata, West Bengal, India (Photographer: Sanjit Das/Bloomberg)  

Reliance Securities: Currency And Bond Update- November, 20 2020

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Reliance Securities Report

The Indian rupee depreciated against the U.S. dollar giving up some of the gains from yesterday’s session, tracking a broad decline in Asian currencies amid lacklustre risk appetite and strength of the U.S. Dollar Index.

U.S. Dollar Index rose this Thursday afternoon in Asian trade as investors shifted to the safe-haven appeal of the greenback amid rising covid-19 cases and deaths. However, depreciation of the local was capped supported by portfolio inflows into the domestic markets.

The rupee ended at 74.27 to the dollar compared with 74.20 in the previous session. After opening at 74.29, the local unit traded in a 12-paisa range of 74.22 to 74.34 during the day.

The one-year forward premium was at 3.09 rupees against 3.10 in the previous session.

Click on the attachment to read the full report:

Currency Update - November 20, 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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