20.8 C
New York
Tuesday, September 27, 2022

Buy now

spot_img

Rupee And Bond Update – June 24, 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 ended marginally stronger against the dollar on Thursday helped by dollar sales by exporters as global oil prices eased.

The rupee ended at 78.30/dollar from a record closing low of 78.39 on Wednesday.

However, the local unit continued to remain under pressure amid rising concerns of a recession.

The rupee retested a low of 78.3825, after opening stronger at 78.26 and testing a intraday high of 78.2325 this Thursday’s trade. Asian and emerging market peers were weak except for the Chinese Yuan and Malaysian Ringgit.

India’s bond yields ended higher as traders booked profits.

The benchmark 6.54% bond ended at 7.42%, against yesterday’s close of 7.40%.

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.





Source link

Related Articles

Stay Connected

0FansLike
3,502FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles