Rupee And Bond Update - October 13, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar for a third successive session, weighed down by dollar demand from oil marketing companies supported by an uptick in crude oil prices.
The rupee ended at 75.51 compared with 75.36 in the previous session.
The unit had briefly weakened to 75.67 earlier in the session, its lowest since June 29, 2020, but trimmed losses on exporters' dollar sales and dollar position covering by some foreign banks.
Most other Asian and emerging market currencies came under pressure this Tuesday continued to be weighed by the rise in crude prices.
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