Reliance Securities: Currency And Bond Update - December 03, 2020
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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar as possible intervention by the central bank in the spot market.
The rupee ended at 73.80 to the dollar compared with 73.68 in the previous session.
In early trades, the rupee had appreciated to an intraday high of 73.44 tracking the weakness of the U.S dollar.
Meanwhile, other Asian currencies were boosted by a further fall in the dollar index to its lowest levels since April 2018.
Investor focus will be on the Monetary Policy Committee’s three-day interest rate-setting meeting that starting today, with the decision due Friday.
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