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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar this Thursday supported by portfolio inflows and weak U.S. dollar.
The rupee ended at 73.15 this Thursday compared with 73.77 on Wednesday.
For the week, it rose 0.6%, its biggest weekly rise since week ended August 28.
Domestic unit also took support from offshore Chinese Yuan, which appreciated on Thursday against the U.S. dollar.
The one-year forward premium was at 3.10 rupees, unchanged against previous close.
The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for the second day on Thursday to close 1.65% and 1.51% higher, respectively, tracking gains in Asian shares.
The U.S. dollar index rose Friday after President Donald Trump tested positive for Covid-19, rattling investors just a month before November's U.S. presidential election.
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