Rupee And Bond Update - October 26, 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 dollar on Monday after crude oil prices hit fresh multi-year highs, fuelling inflation concerns.
The rupee ended at 75.08 compared with 74.89 in the previous session.
The local unit fell 0.3% on Monday, its sharpest single session drop since October 11, 2021.
Asian and emerging market currencies were mixed this Monday and struggled for direction.
While, India's benchmark BSE Sensex closed 0.2% higher, recouping some of Friday’s losses.
The U.S. dollar rose from a one-month low on Monday against the basket of currencies, ahead of central bank meetings and economic data coming later this week, boosted by the prospect of a tighter U.S. monetary policy.
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.