Rupee And Bond Update - October 26, 2021: Reliance Securities

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Reliance Securities Report

The Indian rupee depreciated against the dollar on Monday after crude oil prices hit fresh multi-year highs, fuelling inflation concerns.

The rupee ended at 75.08 compared with 74.89 in the previous session.

The local unit fell 0.3% on Monday, its sharpest single session drop since October 11, 2021.

Asian and emerging market currencies were mixed this Monday and struggled for direction.

While, India's benchmark BSE Sensex closed 0.2% higher, recouping some of Friday’s losses.

The U.S. dollar rose from a one-month low on Monday against the basket of currencies, ahead of central bank meetings and economic data coming later this week, boosted by the prospect of a tighter U.S. monetary policy.

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