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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar this Thursday aided by broad dollar decline despite a relatively hawkish Federal Reserve.
Dollar sales by multinationals also helped the local unit this Thursday.
The rupee ended at 76.09 against 76.23 close in the previous session. The local currency had briefly depreciated to an intraday low of 76.31 earlier in the session.
Rumours of Reserve Bank of India presence at 76.30 to prevent volatility in the exchange rate may have also aided sentiments.
Asian currencies were flat-to-higher while India's benchmark BSE Sensex added 0.2% and lent support.
The Dollar weakened, while the 10-year benchmark U.S. yields also ended weak.
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