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Rupee And Bond Update - September 28, 2021: Reliance Securities

Rupee And Bond Update - September 28, 2021: Reliance Securities

Indian two thousand and five hundered rupee notes arranged for photogaph.   (Photographer: Dhiraj Singh/Bloomberg)
Indian two thousand and five hundered rupee notes arranged for photogaph. (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 depreciated against the U.S. dollar on Monday, weighed down by a rise in crude oil prices which rose to their highest in almost three years.

While a rebound in the dollar index on Monday afternoon trade and weaker emerging market’s and Asian currencies also weighed on sentiments.

The rupee ended at 73.84 compared with 73.70 in the previous session.

However, combination of exporter selling, foreign portfolio investment flows and renewed risk appetite in the region kept depreciation bias capped on Monday.

The U.S. dollar rose for a second straight session on Monday, bolstered by the rise in Treasury yields ahead of speeches from Federal Reserve speakers this week who could affirm expectations of the start of asset purchase reduction before the end of the year.

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Reliance Securities Currency - September 28 2021.pdf

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