Rupee And Bond Update - September 29, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee extended losses for a third straight session on Tuesday against the dollar, following further upside in long-term U.S. Treasury yields and soaring crude oil prices.
The rupee ended at 74.04 compared with 73.84 in the previous session.
The unit had briefly weakened to an intraday and one-month low of 74.12 earlier in the session but recouped some losses on dollar sales by exporters.
Emerging market’s and most Asian currencies also weakened this Tuesday, while weakness in the local equities also rubbed on the local unit.
The Sensex and the Nifty ended solidly lower this Tuesday, both down by over 0.6%.
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