Rupee And Bond Update - August 18, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated for the first time in three sessions this Tuesday against the U.S. dollar, weighed down by oil-related dollar buying.
The rupee ended at 74.35 against 74.25 in the previous session.
The local unit continues to trade in a narrow range as investors await more clues on the U.S. monetary policy from the Federal Open Market Committee, minutes tomorrow.
The benchmark S&P BSE Sensex and the broader Nifty 50 index reversed intraday losses to end higher, while the rest of equity was mixed on Tuesday.
However, the overall tone in financial markets was one of caution, with shares on Wall Street in the red.
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