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Market Commentary
Rupee - Dec 23, 2020 - Reliance Securities
Posted On : 2020-12-23 17:23:33( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
The Indian Rupee appreciated marginally against the U.S. Dollar on Wednesday, as regional currencies recovered from yesterday's selloff triggered by the new coronavirus variant.
The Rupee ended at 73.78 compared with 73.84 in the previous session.
The Dollar Index was weak in this Wednesday afternoon trade as fresh uncertainty over the U.S. fiscal stimulus package and government funding, triggered by President Donald Trump lifted regional sentiments.
The Euro and the British pound were trading with small gains this Wednesday afternoon ahead of the Brexit deal deadline.
Markets will look to cues from jobless claims data tonight.
The one-year forward premium was at 3.23 rupees against 3.24 rupees in the previous session.
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