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Reliance Securities Report
The Indian rupee depreciated marginally for the second straight session against the dollar, tracking a weakness in regional currencies and higher-than-expected domestic inflation print.
The rupee ended at 73.36 to the dollar this Tuesday compared with 73.27 in the previous session.
Markets sentiments remained weak on news that Johnson & Johnson had paused clinical trials of a coronavirus vaccine and as an impasse over U.S. stimulus.
Meanwhile, Asian currencies were trading mostly weaker against the U.S. dollar Index and weighed on domestic sentiments.
However, foreign and portfolio flows into the domestic markets capped losses of the domestic unit.
Looking ahead markets could remain range bound till the outcome of the U.S. elections.
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