Rupee And Bond Update - September 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 depreciated against the U.S. dollar on Tuesday weighed down by importer buying dollars and an uptick in the dollar index.
The rupee was quoted at 73.42 compared with 73.11 in the previous session. The unit fell 0.4% on Tuesday, its biggest single session fall since June 19.
Meanwhile, most of the emerging markets and Asian currencies were weak on Tuesday and weighed on sentiments.
The dollar recovered on Tuesday moving further off a near one-month low hit last week, as rising U.S. Treasury yields prompted investors to cut short dollar positions against the euro before a European Central Bank meeting this week.
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.