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Reliance Securities Report
The Indian rupee depreciated on Wednesday against the dollar in line with the selloff in global markets as the U.S. Treasuries surged higher ahead of the release of the Federal Reserve's last month meeting minutes.
The rupee ended at 75.76/dollar from 75.32 close on Tuesday.
Asian equities and currencies were broadly weaker, while the crude oil staged a recovery and weighed on the local unit this Wednesday.
Investors will await cues from Federal Open Market Committee monetary policy meeting minutes today.
Indian government bond yields rose, tracking a spike in U.S. Treasury yields.
The benchmark 6.54% bond ended at 6.92%, the highest since June 26, 2019, against yesterday's close of 6.90%.
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