Rupee And Bond Update - March 15, 2023: Reliance Securities

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 likely start flat to stronger against the dollar this Wednesday as risk appetite improves helped by an overnight jump in U.S. equities and recovery of Asian shares. The local unit could also track gains in the non deliverable forward markets and weak start to the dollar index this Wednesday morning. So, the rupee could open at around 82.2000 to 82.2200 compared with 82.4900 in the previous session. Supports for the U.S. dollar-Indian rupee spot pair are at 82.1500 and 82.0500, resistances are at 82.5800 and 82.6700. Most of the Asian peers have started stronger this Wednesday morning and will aid the local unit. In the overseas markets, the U.S. dollar started weaker this Wednesday morning in Asian trade and further trend could be data dependent today, with U.S. Producer Price Index and retail sales data. The euro, the sterling and the yen started marginally stronger this early Wednesday morning.Indian bond yields are expected to rise in the early session on Wednesday tracking U.S. peers and rising expectations of another rate hike by Reserve Bank of India due to elevated domestic inflation.Click on the attachment to read the full report:.DISCLAIMERThis 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.

Rupee And Bond Update - March 15, 2023: Reliance Securities

The rupee could open at around 82.2000 to 82.2200 compared with 82.4900 in the previous session.

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