Rupee And Bond Update - December 22, 2020: Reliance Securities 
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)

Rupee And Bond Update - December 22, 2020: 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 against the U.S. dollar as risk appetite in the region weakened after the U.K imposed lockdowns to curb the new strain of Covid-19, pushing investors to the safety of the dollar.

The variant, which officials say is up to 70% more transmissible than the original, prompted concerns about a wider spread which has prompted several European countries to take measures to prevent people arriving from Britain, including bans on flights and trains.

The rupee ended at 73.78 to the dollar compared with 73.56 on Friday. The rupee fell 0.3% this Monday, its biggest one-day decline since November, 12. Non-deliverable forward ended at 73.90 on Monday.

Click on the attachment to read the full report:

Reliance Securities Currency Update - December 22 2020.pdf

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