ECONOMY

Rupee And Bond Update – May 20, 2022: Reliance Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities Report

The Indian rupee weakened against the dollar on Thursday weakening to the lowest ever level at close in line with a broader global selloff, on signs of a surge in inflation threat.

Additionally, the impact of the Ukraine war and the recent resurgence of Covid-19 cases in China dampened sentiments and weighed on the local unit.

The rupee ended at 77.73/dollar compared with 77.58 close on Wednesday.

Briefly, the local unit had weakened to an intraday low at 77.75 in early trade.

Asian equities broadly weakened, while India’s key BSE Sensex equity index also ended weaker this Thursday.

But Asian and emerging market peers were stronger aided sentiments this Thursday.

Indian bond yields ended lower tracking moves in U.S. Treasury yields.

The benchmark 6.54% ended at 7.32% against 7.36% close on Wednesday.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.



Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button