Fixed Income And Currency Market

29 Nov 2020

USD Weakens as Stimulus and Vaccine Optimism Weighs

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Optimism over a rapid rollout of COVID-19 vaccines, which may result in faster economic recovery across the globe, underpinned the sentiment for emerging-market assets. Owing to this, the safe-haven USD weakened globally and, in turn, supported the Indian currency last week.

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Ketan Verma
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