Reliance Securities: Currency And Bond Update - September 28, 2020

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 tracking gains in the Asian currencies and equities amid riskon sentiments and marginally weaker U.S. dollar.The local unit took support after report emerged that Democrats are preparing a new fiscal plan of over 2 trillion dollar, aiming to resume stalled negotiations with the Republicans.The rupee was quoted at 73.61 to the dollar this Friday compared with 73.90 close on Thursday.However, for the week the currency was weak against the U.S. currency tracking its regional counterparts as risk aversion triggered by rising concerns about a quick global economic recovery due to re-emergence of covid-19 infections.For the week, the local unit depreciated by 0.2%, after appreciating 0.1% last week. The Korean won and the Chinese yuan fell 0.7% each this week on the back of a strong dollar..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Reliance Securities: Currency And Bond Update - September 28, 2020

Reliance Securities: Currency And Bond Update - September 28, 2020

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