Rupee And Bond Update - July 28, 2021: Reliance Securities

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - July 28, 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 marginally weal against the U.S. dollar tracking weakness of the regional currencies and equities ahead of the Fed decision tomorrow.

The rupee ended at 74.46 per dollar this Tuesday versus a close at 74.42 on Monday

The local unit traded in the range of 74.35-74.54.

Meanwhile, most of the Asian currencies were weak tracking a slump in Chinese equities.

Chinese A-shares and Hong Kong's benchmark index extended heavy losses to hit multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations,

This weakness also rubbed off on the domestic equities which ended lower on Tuesday.

The negative equity markets also weighed on the domestic currency.

The S&P BSE Sensex was down by 0.52%, while the Nifty 50 was down by 0.49% by the end of trade.

Click on the attachment to read the full report:

Reliance Securities Currency Update - July 28 2021.pdf

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