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
The Indian rupee could start this Tuesday morning on a weaker note tracking the of the greenback after upbeat services data reinforced speculation that the Fed is likely to continue its aggressive rate hike path into next year.
The rupee could open around 81.8500 to 81.8700 per dollar this Tuesday morning versus a close at 81.7900 and could trade in a broad trading band of 81.40 to 82.15 from an intraday perspective.
Asian peers were mixed with the Chinese Yuan gaining this early Tuesday morning and could cap weakness.
However, investors await Reserve Bank of India's Monetary Policy Committee meeting outcome tomorrow and will turn cautious ahead of the meeting.
The dollar was flat on this early Tuesday morning in Asian trade as focus shifts to data this week.
Indian bond yields are expected to open marginally higher on Tuesday, tracking an overnight rise in U.S. yields.
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, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
