Rupee And Bond Update - December 22, 2020: Reliance Securities
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Reliance Securities Report
The Indian rupee ended weak against the U.S. dollar as risk appetite in the region weakened after the U.K imposed lockdowns to curb the new strain of Covid-19, pushing investors to the safety of the dollar.
The variant, which officials say is up to 70% more transmissible than the original, prompted concerns about a wider spread which has prompted several European countries to take measures to prevent people arriving from Britain, including bans on flights and trains.
The rupee ended at 73.78 to the dollar compared with 73.56 on Friday. The rupee fell 0.3% this Monday, its biggest one-day decline since November, 12. Non-deliverable forward ended at 73.90 on Monday.
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