Rupee And Bond Update - August 17, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended flat against the dollar on Friday.
Local markets were shut on account of a holiday on Monday.
However, the local unit depreciated against the dollar this week after comments from Federal Reserve officials indicated that the U.S. central bank could soon look to wind back its ultraloose monetary policy.
The rupee ended at 74.25 this Friday compared with 74.26 in the previous session.
The local unit traded in narrow band of eight-paise this Friday. However, for the week it weakened by 0.1%.
India’s wholesale prices in July rose at the slowest pace in three months, dragged down by lower food and fuel prices.
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