BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar for the second consecutive session tracking a broad uptick in regional currencies, even as risk appetite across Asia was largely muted.
The rupee was quoted at 73.38 to the dollar compared with 73.45 on Friday.
Although the risk appetite in the region is weak, flows into the Indian equities and consequently lent support to the domestic unit.
Asian currencies witnessed broad-based strength. The Chinese yuan, the Singapore dollar, the Thai baht and the Indonesian rupiah were up at least 0.3% each this Monday afternoon trade.
The U.S. dollar index rose to an almost six-week high on Monday as investors sought safety on fears about rising Covid-19 cases and uncertainty surrounding November's U.S. elections.
Click on the attachment to read the full report:
DISCLAIMER
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
