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 depreciated on Wednesday as it continued to be influenced by the Federal Reserve’s hawkish tilt in their recent monetary policy meeting.
The rupee ended at 74.33 to the dollar compared with 74.22 in the previous session, its biggest single-session fall in over a week.
Most regional currencies were also under pressure on Wednesday and weighed on sentiments.
Meanwhile, the obvious risk to the markets is crude oil prices. Brent and West Texas Intermediate both are up by almost 1% this Wednesday.
The benchmark 5.85% bond maturing in 2030 ended at Rs 98.57, yielding 6.05%, against Rs 98.67 and 6.04% yield at previous close.
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