Rupee And Bond Update - July 27, 2021: Reliance Securities

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Reliance Securities Report

The Indian rupee ended flat at 74.40 per dollar, amid volatile trade in the domestic equity market.

The rupee ended at 74.40 this Monday versus a close 74.40 on Friday.

The local unit traded in the range of 74.40-74.52 this Monday amid lack of any major triggers.

Foreign Fund inflows, weak dollar and weaker crude oil prices lent support.

However, investors were cautious ahead of the Federal Reserve meeting this week.

Comments from Chair Jerome Powell which could continue to suggest that the central bank would remain accommodative despite recent spikes in inflation readings and could keep downside limited.

Indian equity markets traded lacklustre and ended marginally in the red, tracking mixed cues on Monday.

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