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Rupee And Bond Update - August 10, 2021: Reliance Securities

Rupee And Bond Update - August 10, 2021: Reliance Securities

<div class="paragraphs"><p>An Indian five hundred rupee banknote is arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div><div class="paragraphs"><h4><strong>Topics</strong></h4></div>
An Indian five hundred rupee banknote is arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Topics

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 U.S. dollar as strong U.S. jobs data increased expectations that the U.S. Federal Reserve would hike interest rates and begin asset tapering earlier than expected.

The rupee ended at 74.26 compared with 74.16 in the previous session. The rupee has traded in a narrow seven-paise band in today’s session.

Some respite came as oil prices slumped, with the benchmark brent crude contract slipping below the $70-per-barrel mark for the first time in over three weeks.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.23% and 0.12% higher, respectively, while the rest were mixed on Monday.

Click on the attachment to read the full report:

Reliance Securities Currency - August 10 2021.pdf

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