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Reliance Securities Report
The Indian rupee appreciated for the first time in six sessions against the U.S. dollar on reports of a de-escalation in the conflict between Russia and Ukraine.
The rupee ended at 75.33 on Tuesday compared with 75.61 close on Monday.
The unit strengthened by 0.4% on Tuesday, its biggest single-session rise since January 31.
Russia's Interfax news agency, citing the country's defence ministry, reported today that some troops in Russia's military districts adjacent to Ukraine are returning to bases after completing drills, according to Reuters.
Following the news, crude and dollar fell and equities rebounded and helped the domestic unit this Tuesday.
NDF is at 75.27/28 this Tuesday evening versus a close at 75.58 in the previous session.
Indian bond yields ended higher for the first time in seven sessions, as traders booked profits.
The benchmark 6.54% bond ended at 6.67%, against 6.67% yield at previous close.
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