Business

Rupee And Bond Update – Dec 07, 2022: Reliance Securities

[ad_1]

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 could start this Wednesday morning on a stronger note ahead of Reserve Bank of India’s Monetary Policy Committee meeting outcome.

The rupee could open around 81.4000 to 81.4500 per dollar this Wednesday morning versus a close at 82.6150 and could trade in a broad trading band of 82.16 to 82.85 from an intraday perspective.

Asian peers were stronger this morning, while an overnight fall in crude oil prices could also aid sentiments.

From an intraday perspective, RBI’s MPC meeting outcome will be a key triggers, however in the short run investors will look to the next week’s U.S. Federal Reserve policy meeting for clues on the pace of rate hikes.

The dollar was flat on this early Wednesday morning in Asian trade.

Most of the non-dollar currencies were flat this early Wednesday morning in Asian trade.

Indian bond yields are expected to open marginally lower on Wednesday, tracking an overnight fall in U.S. yields and weak crude oil prices.

However, market awaits domestic monetary policy decision due later and yields could remain range bound ahead of the outcome.

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.



[ad_2]

Source link

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Comments are closed.

More in:Business