Reliance Securities: Currency And Bond Update - December 04, 2020
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Reliance Securities Report
The Indian rupee depreciated for the second consecutive session against the U.S. dollar weighed down by continuous dollar purchases likely from the central bank probably to mop up portfolio inflows.
The rupee, in early trades, had appreciated to an intraday high of 73.69 on the back of a weak dollar.
Markets will now await the conclusion of the Reserve Bank of India monetary policy meeting.
Asian currencies were mostly higher and lent support.
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