Reliance Securities: Currency And Bond Update - November 11, 2020
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Reliance Securities Report
The Indian rupee for the second consecutive session ended flat against the U.S. currency as continuous dollar-buying by state-run banks, likely on behalf of the central bank, offset the impact of a buoyant global risk appetite.
The rupee ended at 74.18 to the dollar compared with 74.17 in the previous session.
In early trades, the rupee had appreciated to 74.03 maid improved risk appetite on Covid-19 vaccine news.
However, depreciated to an intraday low of 74.33 amid dollar buying from state-run banks, likely for the Reserve Bank of India.
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