Rupee And Bond Update - July 09, 2021: Reliance Securities
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj SinghBloomberg)

Rupee And Bond Update - July 09, 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 weakened for a third straight session against the U.S. dollar on Thursday, tracking broad losses in Asian currencies and equities.

The rupee ended at 74.71 compared with 74.62 in the previous session.

Meanwhile oil-related dollar demand and hawkish Fed also weighed on sentiments.

The Fed minutes showed that policy makers wanted a more solid economic recovery before setting a timeline for trimming bond purchases.

Click on the attachment to read the full report:

Reliance Securities Currency Update - July 09 2021.pdf

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