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. currency on the back of surging dollar inflows into local equities.

However, possible central bank intervention to mop up dollar inflows trimmed gains on the local unit.

Foreign investors have pumped in over $2 billion in December in equities, after bringing in over $9 billion in November.

The rupee ended at 73.52 to the dollar compared with 73.90 in the previous session.

The benchmark 5.77% bond maturing in 2030 ended at 98.76 rupees, yielding 5.94%, its highest level since Oct-19, against Rs 98.87, yielding 5.92% on Monday.

Click on the attachment to read the full report:

Reliance Securities Currency Update – December 09 2020.pdf

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 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.



Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *