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Reliance Securities Report
The Indian rupee appreciated marginally on Thursday against the U.S. currency amid a further rally in local equities and a decline in the dollar index.
The rupee ended at 73.24 compared with 73.34 close on Wednesday.
The dollar index was down against rivals this Thursday afternoon trade and supported sentiments.
Lack of any major triggers kept the local in a narrow trading band this Thursday.
Markets may look ahead to the Reserve Bank of India's Monetary Policy meeting today.
The benchmark S&P BSE Sensex and the broader Nifty 50 index rose for the sixth straight session to end 0.76% and 0.82% higher, respectively on Thursday.
The U.S. dollar was little changed against a basket of currencies on Thursday as investors waited for fresh news on whether new U.S. fiscal stimulus is likely in the near term.
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