Rupee And Bond Update - December 14, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended flat against the U.S. dollar. Strong greenback and outflows kept appreciation bias limited of local unit.
The rupee ended at 75.77 per dollar in Mumbai, unchanged against previous close.
The unit had initially appreciated to an intraday high of 75.63. However, lack of major trigger, kept the currency in small trading band this Monday.
India’s retail inflation rate accelerated to 4.91% in November from a year earlier and quickened for the second straight month, government data showed. However, the print lagged the 5.10% median forecast.
The U.S. dollar rose on Monday ahead of a slew of central bank meetings this week. The euro, the yen and the sterling fell on Monday.
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