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Rupee And Bond Update - September 09, 2021: Reliance Securities

Rupee And Bond Update - September 09, 2021: Reliance Securities

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

Reliance Securities Currency - September 09 2021.pdf

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