Rupee And Bond Update - August 12, 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 could start on a stronger note this Thursday morning against the dollar, following a pullback on the dollar index after U.S. consumer prices rose at a slower pace in July.
The rupee could open around 74.18-74.20 in initial trades compared with 74.43 in the previous session.
Most regional and emerging market currencies have started mostly weaker against the dollar early Thursday morning while, brent crude prices remained above $71/barrel mark and could cap appreciation bias.
Markets could look to cues from consumer price index inflation and index of industrial production and manufacturing numbers after market hours.
Click on the attachment to read the full report:
This 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 author entity 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.