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Reliance Securities Report
The Indian rupee ended marginally stronger for a second straight session on Monday against the dollar tracking upbeat risk appetite in the region as currencies strengthened amid speculation that U.S. inflation may have peaked.
However, a rise in crude oil prices cap appreciation bias.
The rupee ended at 77.54/dollar compared with 77.57 close on Friday.
The local unit had briefly hit an intraday high of 77.48.
Most regional currencies also strengthened against the dollar after Shanghai said that it will remove unreasonable restrictions on businesses from June 01.
Indian bond yields rose for the second successive session as oil prices continued to rise which may add pressure on the domestic inflation.
The benchmark 6.54% bond ended at 7.41%, the highest since May 9, and against 7.35% close on Friday.
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