Rupee And Bond Update - September 09, 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 extended losses to end the Wednesday weaker against the dollar weighed down by uptrend in the dollar index and importer hedging.
The rupee ended at 73.60, compared with 73.42 in the previous session.
Briefly the local unit weakened to a near two-week low of 73.70 amid speculation on dollar buying by oil companies but trimmed some losses on dollar sales by exporters.
Other Asian currencies came under pressure after the dollar index continued it upward momentum ahead of the European Central Bank meeting today and weighed on sentiments back home.
The U.S. dollar pares gains on Wednesday as Treasury yields ahead of a ECB policy decision.
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.