Reliance Securities: Currency And Bond Update - August 17, 2020

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 ended weak on Friday as weak regional equities and currencies weighed on the market.The rupee was quoted at 74.90 to the dollar this Friday compared with 74.84 on Thursday.Asian currencies were weak while equities were mostly weaker this Friday trade and weighed on sentiments.Sentiments were also as stimulus hopes faded after President Donald Trump said he was blocking Democrats' effort to include funds for the U.S. Postal Service and election infrastructure in a new coronavirus relief bill.U.S. dollar ended weak on Friday as the delay in the passage of additional U.S. stimulus for virus relief weighed on the Greenback.The dollar had little reaction to the upbeat retail sales data. Data showed that U.S retails rose by 1.2% in July, which was lower than expected, but a higher than forecast gain of 1.9%, excluding autos..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Reliance Securities: Currency And Bond Update - August 17, 2020

Reliance Securities: Currency And Bond Update- August 17, 2020

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