Reliance Securities: Currency And Bond Update - November 25, 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 25, 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 this Tuesday for the third straight session supported by an upbeat risk appetite in the region and strong local equities.

However, again Reserve Bank of India’s presence capped large gains in the local unit.

The rupee ended at 74.01 to the dollar compared with 74.10 in the previous session. The currency had appreciated to 73.88 earlier in the session.

The benchmark S&P BSE Sensex ended at a record high to close 1% higher, while, foreign portfolio inflows have totalled more than $7 billion into local equities.

Click on the attachment to read the full report:

Reliance Securities Currency Update - November 25 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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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