Rupee And Bond Update - April 15, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar on Monday as persistent rise in local corona virus cases increased fears of a delay in economic recovery.
The rupee ended at 75.06 compared with 74.74 in the previous session.
Earlier in the session, the rupee weakened to 75.14, the lowest level since August 2020.
Meanwhile, the likelihood of higher retail inflation also weighed on market sentiments.
India’s March retail inflation rose at the fastest pace in four months, driven by higher food and fuel prices, data showed.
India's industrial output contracted for a second straight month through February to fall to a six-month low, as manufacturing and mining production further shrank.
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