Rupee And Bond Update - Jan 12, 2023: 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 could open flat this Thursday morning as focus shifts to U.S. and domestic inflation numbers. The rupee could open at around 81.5800 to 81.6200 per dollar this Thursday morning versus a close 81.5750 on Wednesday and could remain within a broad trading band of 81.44 to 81.82.Most of Asian peers were stronger this Thursday morning tracking gains in the equity markets ahead of U.S. consumer price data and could cap losses.Domestically, apart from inflation, Index of Industrial Production and manufacturing numbers after market hours could also have impact on sentiments.In the overseas markets, the U.S. dollar was trading flat this early Thursday morning in Asian trade and could remain range within a broad trading band of $102.90 to $103.50 ahead of U.S. inflation data. U.S. investors bet on inflation data being benign which could give the Federal Reserve room to dial back on its aggressive interest rate hikes.The yen strengthened against the greenback this Thursday morning on expectations that the Bank of Japan will review the side effects of its monetary easing.Indian bond yields are expected to open marginally lower this Thursday morning tracking a overnight fall in the U.S. peers..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Rupee And Bond Update - Jan 12, 2023: Reliance Securities

The Indian rupee could open flat this Thursday morning as focus shifts to U.S. and domestic inflation numbers.

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