ECONOMY

Rupee And Bond Update – August 05, 2021: Reliance Securities

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.

The Indian rupee appreciated for the third straight session against the U.S. dollar, aided by inflows related to initial public offering’s and positive regional cues.

The rupee ended at 74.19 compared with 74.29 in the previous session. The unit had appreciated to an intraday high at 74.09 earlier in the session, its highest level since June 22.

However, likely intervention from the central bank of India capped further appreciation.

Meanwhile, Asian currencies appreciated against the U.S. dollar today, while gains in the local equity markets and subdued crude oil prices also aided sentiments.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended with gains, while Asian equities also rose on Wednesday.

Click on the attachment to read the full report:

Reliance Securities Currency – August 05 2021.pdf

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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.

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