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 Tuesday morning on a weaker note as investors will remain cautious ahead of U.S. CPI inflation tonight.
Most Asian peers have started on a weaker note and could keep appreciation bias capped.
The rupee could open around 82.6000 to 82.6200 per dollar this Tuesday morning versus a close at 82.5300 and could trade in a broad trading band of 82.38 to 82.79 from an intraday perspective.
Some support could come from easing domestic inflation, but tonight's U.S. inflation data be a key driver of markets as it could reinforce the view that the U.S. Fed may have to keep interest rates higher for longer.
The dollar started weaker on this early Tuesday morning in Asian trade as investors will await Fed meeting outcome and U.S. CPI data tonight.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
