Reliance Securities: Currency And Bond Update - December 11, 2020

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 for the second day against the dollar as regional risk appetite waned amid lack of progress on a fiscal stimulus bill in the United States.

Dollar purchases likely for defence-related purposes and dollar outflows may have also weighed on the local unit this Thursday.

The rupee ended at 73.66 to the dollar compared with 73.56 in the previous session.

U.S. dollar Index was trading marginally lower, while most of the Asian currencies were marginally weak and also weighed on sentiments.

The benchmark 5.77% bond maturing in 2030 ended at 98.93 rupees, yielding 5.92%, against 98.92 rupees, yielding 5.92% on Wednesday.

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 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.