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Reliance Securities: Currency And Bond Update - September 21, 2020

Reliance Securities: Currency And Bond Update - September 21, 2020

An Indian 2,000 rupee, bottom, and 500 rupee banknotes are arranged for a photograph in Thailand. (Photographer Brent Lewin/Bloomberg)
An Indian 2,000 rupee, bottom, and 500 rupee banknotes are arranged for a photograph in Thailand. (Photographer Brent Lewin/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 on Friday against the U.S. currency supported by portfolio flows into the country and weak U.S. dollar.

The rupee was quoted at 73.45 this Friday to the dollar compared with 73.65.

Asian currencies appreciated this Friday and lent support to the domestic unit.

The one-year forward premium was at 3.17 rupees this Friday, against 3.12 rupees at previous close.

However, the rupee ended the week almost flat in choppy moves. The unit rose 0.1% this week, after having declined 0.5% last week.

The U.S. dollar index fell on Friday as tensions between U.S. and China and lack of progress in U.S. fiscal stimulus negotiations.

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Reliance Securities Currency Update - September 21 2020.pdf

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