Rupee And Bond Update - October 29, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar supported by foreign inflows into local IPO’s.
The rupee ended at 74.92 to a dollar compared with 75.03 in the previous session.
Added to the flows, markets have also been helped by easing oil prices.
Asian and emerging market currencies struggled this Thursday, tracking weak regional equities which remained under pressure tracking a pullback on Wall Street overnight.
The Euro rose sharply against the U.S. dollar on Thursday after the European Central Bank President Christine Lagarde said that inflation will be high for even longer but pushed back against market bets that price pressures would trigger an interest rate hike as soon as next year.
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