Rupee And Bond Update - August 24, 2021: Reliance Securities

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Reliance Securities Report

The Indian rupee could start on a stronger note this Tuesday morning against the dollar as the greenback takes a breather.

Foreign portfolio investment flows could keep depreciation bias limited.

However, the focus this week will be on the Jackson Hole symposium and speech by Fed Chair Jerome Powell.

The rupee could open around 74.12-74.15 in initial trades compared with 74.21 in the previous session.

Regional and emerging market currencies have started mixed against the dollar early Tuesday morning.

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