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 dollar on Monday supported by persistent dollar inflows into the IPO's.
The rupee ended at 74.02 gaining by 0.6%, compared with 74.46 on Wednesday.
The unit had briefly appreciated to 73.99, its highest since September 28, however rumours of the Reserve Bank of India's presence may have limited appreciation bias.
Meanwhile, the local unit may have been helped by dovish tone of central banks last week who have kept rates steady till inflation eases off.
The U.S. dollar dipped on Monday after hitting 15-month highs on Friday following strong U.S. jobs data while investors digested the report, looked ahead to inflation data and monitored commentary from Federal Reserve officials for rate policy clues.
U.S. consumer inflation data could help traders judge the risks posed by price pressures.
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.
