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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar on Thursday supported by continuous dollar sales from foreign banks and equity-related inflows.
The rupee ended at 74.41, appreciating by 0.4% this Thursday, its strongest since November 24, compared with 74.74 close in the previous close.
Most Asian currencies gained despite a stronger dollar this Thursday and lent support to the local unit.
Indian bond yields ended marginally higher on Thursday.
The benchmark 6.10% bond ended at 6.47%, compared with and a yield of 6.46% close in the previous close.
The dollar rose against major rival currencies in holiday-thinned trading on Thursday as a dip in weekly jobless claims data helped ease fears that a surge of Covid-19 infections would curb the economic recovery.
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