Rupee And Bond Update - October 05, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the dollar on Monday, as the offshore Chinese yuan weakened amid prospects of a broader spill over from the troubles at cash-strapped China Evergrande Group.
The rupee ended at 74.31 to a dollar compared with 74.12 in the previous session.
Evergrande missed its offshore dollar coupon payments and has triggered some weakness in the offshore Chinese yuan.
Broadly, the risk sentiment was weaker in the region and weighed on sentiments.
Meanwhile, in the overseas markets, the dollar index slipped against a basket of currencies on Monday, pulling back from the one year high hit last week, as traders looked to U.S. jobs data at the end of the week for clues to the Federal Reserve's next move.
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