Reliance Securities: Currency And Bond Update - November 27, 2020
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

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:

Reliance Securities Currency Update - November 27 2020.pdf

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