Reliance Securities: Currency And Bond Update - November 05, 2020
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Reliance Securities Report
The Indian rupee depreciated against the greenback as investors continued to have faith in the dollar over U.S. election outcome concerns.
The rupee ended at 74.74 to the dollar this Wednesday compared with 74.41 in the previous session.
In early trades, the rupee had fallen to a more-than-two-month low of 74.87.
However, by the end of the session the NDF appreciated against the U.S. Dollar to end at 74.18.
For the rest of the day, investors will continue to monitor the election results being called over.
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