BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
From an intraday perspective, the Indian rupee could start flat to marginally stronger against the dollar this Friday morning tracking a small fall in the dollar on Thursday's trade.
However, the currency could continue to witness lackluster trade this Friday's session as the holiday U.S. will keep volumes muted.
Most Asian peers have started flat and could consolidate against the dollar in the early morning session amid subdued trading.
However, persistent dollar demand from importers and persistent reports that foreign investors liquidate rupee-denominated assets will cap gains for the local unit.
The non-deliverable forward market is indicating that the rupee could open around 83.2800 to 83.2900 against the dollar compared with 83.3425 in the previous session and the range for the session is between 83.2300 to 83.3600.
Among other pairs, we expect British pound sterling-Indian rupee, the euro-Indian rupee and the Japanese yen-Indian rupee spot pairs to remain range bound to lower this Friday's trade.
The only economic data today is forex reserves scheduled for release aftermarket hours.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.