Reliance Securities: Currency And Bond Update - October 27, 2020
A man takes a ten rupee note and one rupee coins out of a wallet in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities: Currency And Bond Update - October 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 depreciated against the dollar and posted its worst day in over one month as risk appetite waned in the region due to surging Covid-19 cases in Europe and the United States pushed investors towards the safe-haven dollar.

U.S. dollar took support from rumours that France, Spain and Italy could impose complete lockdown to curb the spread of the coronavirus.

Additionally, the U.S. dollar also took support amid continuing uncertainty over the U.S. fiscal stimulus ahead of the Presidential elections.

Most Asian currencies are weak this Monday and weighed on sentiments.

Click on the attachment to read the full report:

Reliance Securities Currency Update - October 27 2020.pdf

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