Rupee - April 7, 2021 - Reliance Securities
Rupee - April 7, 2021 - Reliance Securities Posted On: Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities The Indian Rupee depreciated against the U.S. Dollar on the back of importer demand for the greenback and dollar short covering. The Rupee ended at 74.55 compared with 73.43 in the previous session. The rupee declined 1.5% today, its biggest fall since Aug 5, 2019. Meanwhile, speculations of oil and telecom corporates were buying dollars vigorously in the spot market and foreign banks covering their dollar short positions weighed on sentiments. Weakness in the Rupee could hav...
Source: equitybulls.com