Rupee And Bond Update - July 28, 2021: Reliance Securities
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Reliance Securities Report
The Indian rupee ended marginally weal against the U.S. dollar tracking weakness of the regional currencies and equities ahead of the Fed decision tomorrow.
The rupee ended at 74.46 per dollar this Tuesday versus a close at 74.42 on Monday
The local unit traded in the range of 74.35-74.54.
Meanwhile, most of the Asian currencies were weak tracking a slump in Chinese equities.
Chinese A-shares and Hong Kong's benchmark index extended heavy losses to hit multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations,
This weakness also rubbed off on the domestic equities which ended lower on Tuesday.
The negative equity markets also weighed on the domestic currency.
The S&P BSE Sensex was down by 0.52%, while the Nifty 50 was down by 0.49% by the end of trade.
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