Rupee And Bond Update - July 09, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee weakened for a third straight session against the U.S. dollar on Thursday, tracking broad losses in Asian currencies and equities.
The rupee ended at 74.71 compared with 74.62 in the previous session.
Meanwhile oil-related dollar demand and hawkish Fed also weighed on sentiments.
The Fed minutes showed that policy makers wanted a more solid economic recovery before setting a timeline for trimming bond purchases.
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