Rupee And Bond Update - February 08, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended with small gain on Friday but was little changed against the U.S. currency this week, as persistent dollar bids by the Reserve Bank of India, offset the impact of foreign equity inflows.
The rupee ended at 72.92 compared with 72.95 on Thursday.
Foreign investors, in four sessions this month till yesterday, have bought about $1.8 billion of Indian equities compared to more than $1 billion of outflows recorded last week.
Meanwhile, the Reserve Bank of India Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep policy rates unchanged.
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