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Reliance Securities Report
The Indian rupee depreciated for a fourth successive session against the dollar, as a surge in long-term U.S. Treasury yields deepened fears about outflows from the country's equity and debt markets.
The rupee ended at 74.15, compared with 74.04 in the previous session.
The unit had briefly weakened to 74.26 earlier in the session, the lowest since August 26, but pared some losses on exporter covering and rumours of Reserve Bank of India's presence in the market.
Risk appetite in the region remained weak as most Asian currencies ended weaker this Wednesday pressurised by a selloff in the U.S. bond market
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