Reliance Securities: Currency And Bond Update - December 16, 2020
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Reliance Securities Report
The Indian rupee depreciated marginally against the dollar this Tuesday tracking weakness in most regional currencies as risk appetite waned as many countries are imposing fresh Covid-19 restrictions which could derail a global economic recovery.
The rupee ended at 73.64 to the dollar compared with 73.58 close on Monday.
Investors also refrained themselves from taking large positions ahead of the Fed monetary policy decision.
Along with Fed, we have the Bank of England and Bank of Japan monetary policies this week and their forward guidance on the respective economies will be keenly awaited.
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