Rupee And Bond Update - August 04, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated for the second straight session against the U.S. dollar this Tuesday tracking gains in the uptick in local equities and a weak dollar.
The rupee ended at 74.28 compared with 74.34 in the previous session. The unit had opened at 74.36 and moved in a 14-paise band this Wednesday.
Meanwhile, the local unit also took support from easing crude oil prices.
Apart from the July jobs report, markets could also take cues from the Reserve Bank of India’s monetary policy meeting this Friday.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended with gains, while Asian equities also rose on Tuesday.
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