Reliance Securities: Currency And Bond Update - November 27, 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 ended flat against the U.S. currency on Thursday as the impact of positive regional cues, foreign fund inflows and a broad dollar decline offset likely intervention on behalf of the central bank.
The rupee ended at 73.89 to the dollar compared with 74.91 in the previous session.
The local currency hit a one-month high of 73.76 earlier in the session supported by foreign fund inflows.
The next major trigger for the rupee could be the GDP data due today after market hours.
Click on the attachment to read the full report:
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.