Reliance Securities: Currency And Bond Update - November 25, 2020
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar this Tuesday for the third straight session supported by an upbeat risk appetite in the region and strong local equities.
However, again Reserve Bank of India’s presence capped large gains in the local unit.
The rupee ended at 74.01 to the dollar compared with 74.10 in the previous session. The currency had appreciated to 73.88 earlier in the session.
The benchmark S&P BSE Sensex ended at a record high to close 1% higher, while, foreign portfolio inflows have totalled more than $7 billion into local equities.
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