Rupee And Bond Update - June 02, 2021: Reliance Securities
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - June 02, 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 depreciated against the U.S dollar in line with muted domestic equities.

The rupee ended at 72.90 compared with 72.61 in the previous session.

On the domestic equity market front, the S&P BSE Sensex ended 2.56 points lower at 51,934.88, while the broader Nifty 50 fell 7.95 points or 0.05 per cent to close at 15,574.85.

However, over the month of May we witnessed that the local unit appreciated by 2%, primarily on the back of higher tolerance for a stronger currency from the Reserve Bank of India as the Indian central bank may have been focused to curb imported inflation.

The brent crude jumped above $71 recently and international oil prices has rallied over 20% this year.

Click on the attachment to read the full report:

Reliance Securities Currency Update - June 02 2021.pdf

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