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 appreciated against the U.S. dollar for a fourth straight session on Thursday as risk appetite improved as concerns over the economic impact of the Omicron variant of the coronavirus eased.
The rupee ended at 75.24 per dollar its strongest since December 3 and against 75.55 in the previous session.
The currency appreciated by 0.4% this Thursday.
The local unit has gained 1.1% so far this week and is poised for its best weekly performance since April 30.
Interbank selling the U.S. dollar/Indian rupee pair, Reserve Bank of India's presence in the market, absence of importers and aggressive hedging by exporters in anticipation of quarter-end dollar inflows lent support this week.
Most regional and emerging market currencies appreciated against the U.S. dollar this Thursday and lent support.
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 author entity 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.
