ECONOMY

Rupee and Bond Update – August 06, 2021: Reliance Securities

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The rupee ended at 74.17 against the dollar versus a close of 74.19 in the previous session.

Regional currencies remained flat to marginally higher, while crude oil prices remained subdued and lent support to the local unit.

Investors will also await the U.S. jobs report on Friday to provide indicators on the Federal Reserve’s likely policy outlook.

For the monthly August U.S. dollar-Indian rupee options, the most active Call and Put strikes near the ATM’s are from 73.00 to 75.00.

The benchmark S&P BSE Sensex and the broader Nifty 50 index ended with small gains, while Asian equities also rose on Thursday.

Click on the attachment to read the full report:

Reliance Securities Currency – August 06 2021.pdf

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