Rupee - Outlook - April 6, 2021 - Reliance Securities
Rupee - Outlook - April 6, 2021 - Reliance Securities Posted On: Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities The Indian Rupee depreciated against the Dollar on Monday amid concerns that rising Covid-19 cases and subsequent lockdowns in some states may hurt economic recovery and cause foreign outflows. The Rupee ended at 73.29 to the dollar compared with 73.11 in the previous session. Meanwhile, India's Monetary Policy Committee, which will conclude on Wednesday, is widely expected to keep the key repo rate unchanged at a record low of 4%. The one-year forward premium was a...