Rupee And Bond Update - May 12, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended steady against the U.S. dollar as exporters’ dollar sales offset the impact of a weak risk appetite in the region.
The rupee ended at 73.34 compared with 73.35 in the previous session. It had fallen to an intra-day low of 73.54 earlier in the session tracking a decline in most Asian currencies which was weighed down on concerns over rising U.S. inflation expectations.
India’s government bond yields settled little changed for a second consecutive session on a lack of fresh cues.
The benchmark S&P BSE Sensex and the broader Nifty 50 index snapped its four-day rally and ended 0.69% and 0.61% lower, respectively, on profit booking on Tuesday.
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