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Rupee And Bond Update- October 27, 2021: Reliance Securities

Rupee And Bond Update- October 27, 2021: Reliance Securities

<div class="paragraphs"><p>The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Thailand. Photographer: Brent Lewin/Bloomberg</p></div>
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Thailand. Photographer: Brent Lewin/Bloomberg

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 against the U.S. dollar on Tuesday tracking broad advances in regional equities and currencies.

However, dollar demand from state-run banks, likely on behalf of importers, capped large gains in the local unit.

The rupee ended at 74.96 per dollar compared with 75.08 in the previous session.

Additionally, fund flows will continue into the initial public offerings this week into the local markets and that has kept the rupee supported over the last few trading sessions.

Meanwhile, Asian and most of the emerging market currencies are trading higher on Tuesday and lent support.

Easing crude oil prices and easing U.S. Treasury yields during this European trading session also helped the local unit.

The U.S. dollar edged up on Tuesday in narrow-range trading as markets awaited news from upcoming central bank meetings.

Click on the attachment to read the full report:

Reliance Securities Currency - October 27 2021.pdf

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