Rupee And Bond Update - September 01, 2021: Reliance Securities

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee And Bond Update - September 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 appreciated against the dollar on Tuesday supported by dollar inflows, absence of the Reserve Bank of India’s intervention in the spot market and dovish comments by Federal Reserve Chairman Jerome Powell.

The rupee ended at 73.00, the highest since June 11, compared with 73.26 in the previous session.

The unit rose 1.9% in August, its biggest gain since May and tracked Asian and emerging market currencies this month.

The Thai baht rallied 1.9%, while the Malaysian ringgit and Singapore dollar appreciated by 1.5% and 0.5% respectively in August.

Click on the attachment to read the full report:

Reliance Securities Currency - September 01 2021.pdf

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