Rupee And Bond Update - October 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 appreciated for the first time in four sessions against the U.S. dollar on Thursday, tracking an improved risk appetite in the region after crude oil prices retreated from multi-year highs.
The rupee ended at 74.78 to a dollar, compared with 74.98 in the previous session.
The unit had briefly appreciated to an intraday high of 74.71 on aggressive dollar sales by some foreign banks, who may have been unwinding their long positions on the U.S. dollar/ Indian rupee pair ahead of the U.S. jobs data and the outcome from India’s Monetary Policy meeting today.
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.