Rupee And Bond Update - September 01, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee appreciated against the dollar on Tuesday supported by dollar inflows, absence of the Reserve Bank of India’s intervention in the spot market and dovish comments by Federal Reserve Chairman Jerome Powell.
The rupee ended at 73.00, the highest since June 11, compared with 73.26 in the previous session.
The unit rose 1.9% in August, its biggest gain since May and tracked Asian and emerging market currencies this month.
The Thai baht rallied 1.9%, while the Malaysian ringgit and Singapore dollar appreciated by 1.5% and 0.5% respectively in August.
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