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Reliance Securities Report
The Indian rupee depreciated marginally against the U.S. dollar on Monday, as importer covering dollar offset the impact of gains in regional currencies.
Meanwhile, crude oil prices eased during the afternoon session in Asia and capped depreciation bias.
The rupee ended at 74.48 compared with 74.44 in the previous session.
Most Asian currencies ended stronger between supported by the pullback in the dollar index in the Asian trading session and improved risk appetite supported by upbeat data from China.
The dollar index, after being under pressure the whole Asian session recovered from the lows of the session supported by monetary policy expectations.
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