Rupee And Bond Update - April 15, 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.

Reliance Securities Report

The Indian rupee depreciated against the U.S. dollar on Monday as persistent rise in local corona virus cases increased fears of a delay in economic recovery.

The rupee ended at 75.06 compared with 74.74 in the previous session.

Earlier in the session, the rupee weakened to 75.14, the lowest level since August 2020.

Meanwhile, the likelihood of higher retail inflation also weighed on market sentiments.

India’s March retail inflation rose at the fastest pace in four months, driven by higher food and fuel prices, data showed.

India's industrial output contracted for a second straight month through February to fall to a six-month low, as manufacturing and mining production further shrank.

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.