Rupee And Bond Update - February 08, 2021: Reliance Securities 
Indian two thousand and five hundred rupee notes arranged for photogaph. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - February 08, 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 with small gain on Friday but was little changed against the U.S. currency this week, as persistent dollar bids by the Reserve Bank of India, offset the impact of foreign equity inflows.

The rupee ended at 72.92 compared with 72.95 on Thursday.

Foreign investors, in four sessions this month till yesterday, have bought about $1.8 billion of Indian equities compared to more than $1 billion of outflows recorded last week.

Meanwhile, the Reserve Bank of India Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep policy rates unchanged.

Click on the attachment to read the full report:

Reliance Securities Currency Update - February 08 2021.pdf


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.

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