Reliance Securities: Currency And Bond Update - November 26, 2020
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Reliance Securities Report
The Indian rupee appreciated for the fourth consecutive session against the U.S. dollar on Wednesday tracking gains in most regional currencies led by a broad dollar decline.
The rupee ended at 73.91 to the dollar this Wednesday compared with 74.01 in the previous session.
Lack of negative news flow across global markets and the risk-on mode continued to lend support.
The offshore Chinese yuan and the Korean won led Asian currencies higher against the dollar. The dollar index slipped on Wednesday’s trade adding to Tuesday’s fall and lent support to local unit
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