Reliance Securities: Currency And Bond Update - November 17, 2020
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Reliance Securities Report
The Indian rupee ended flat on Friday, however, for the week the currency depreciated against the U.S. dollar amid as persistent dollar purchases from state-run banks, likely on behalf of the central bank.
The rupee ended at 74.60 to the dollar compared with 74.65 in the previous session. For the week, the rupee depreciated by 0.5%.
The U.S dollar Index is trading weak this Friday afternoon trade, while most of the Asian currencies were stronger against the U.S. dollar and lent support this Friday.
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