Rupee And Bond Update - June 01, 2021: Reliance Securities
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee, top, and 500 rupee banknotes in an arranged photograph. (Photographer: Brent Lewin/Bloomberg)

Rupee And Bond Update - June 01, 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 erased the intraday gains and ended near the day's low against the dollar, probably on the back of Reserve Bank of India’s presence and month-end demand from importers.

The rupee was quoted at 72.61 to the dollar compared with 72.44 in the previous session.

Initially, the local unit strengthened to 72.36 against the dollar tracking positive domestic equities improved sentiments back home due to a steady decline in Covid-19 cases.

The Indian economy grew 1.6% in the January-March quarter of 2020-21, signalling a sharp recovery that started after two consecutive quarters of contraction due to the impact of the strict lockdown.

Click on the attachment to read the full report:

Reliance Securities Currency Update - June 01 2021.pdf

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