Rupee And Bond Update - August 02, 2021: Reliance Securities
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - August 02, 2021: Reliance Securities

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 weak on Friday against the dollar on foreign banks’ dollar purchases related to equity-related outflows.

The rupee ended at 74.41 compared with 74.29 in the previous session.

However the rupee remained flat this week and remained marginally weak this July as data and fundamentals took a backseat after the highly transmissible delta variant of the coronavirus led to a surge in infections in several Asian countries prompting authorities to reintroduce restrictions.

The dollar Index rose on Friday along with other safe haven currencies as stocks fell and as upbeat U.S. economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve tanked a month-long rally in the greenback.

Click on the attachment to read the full report:

Reliance Securities Currency - August 02 2021.pdf

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