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Reliance Securities Report
The Indian rupee depreciated against the U.S. dollar on Wednesday, tracking gains in the U.S. dollar.
The rupee ended at 73.03 to the dollar from 72.86 on Tuesday.
Upbeat manufacturing activity data from U.S. led to a strong rebound in the dollar index on Tuesday.
Asian currencies were weak against the U.S. dollar this Wednesday and weighed on sentiments. The Indonesian rupiah paced losses in Asian currencies.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.48% and 0.56% higher, respectively, in a choppy trading session.
The U.S. dollar index extended gains on Wednesday against the basket of currencies supported by the recent upbeat data from the United States.
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