Reliance Securities: Currency And Bond Update - November 26, 2020
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - November 26, 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 for the fourth consecutive session against the U.S. dollar on Wednesday tracking gains in most regional currencies led by a broad dollar decline.

The rupee ended at 73.91 to the dollar this Wednesday compared with 74.01 in the previous session.

Lack of negative news flow across global markets and the risk-on mode continued to lend support.

The offshore Chinese yuan and the Korean won led Asian currencies higher against the dollar. The dollar index slipped on Wednesday’s trade adding to Tuesday’s fall and lent support to local unit

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Reliance Securities Currency Update - November 26 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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