Fixed Income And Currency Market

11 Oct 2020

USD Trades Lower Amid High Hopes for U.S. Stimulus Package

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INR ended the week marginally higher against USD last week amid improvement in the appetite for riskier assets across the globe and due to persistent foreign fund inflows for investments into Indian entities. However, the gain remained capped as RBI intervened in the currency market to avoid sharp INR appreciation. INR appreciated by 0.01% against the USD last week and depreciated by 0.65% against the euro.

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Ketan Verma
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