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Reliance Securities Report
The Indian rupee appreciated against the U.S. currency on the back of surging dollar inflows into local equities.
However, possible central bank intervention to mop up dollar inflows trimmed gains on the local unit.
Foreign investors have pumped in over $2 billion in December in equities, after bringing in over $9 billion in November.
The rupee ended at 73.52 to the dollar compared with 73.90 in the previous session.
The benchmark 5.77% bond maturing in 2030 ended at 98.76 rupees, yielding 5.94%, its highest level since Oct-19, against Rs 98.87, yielding 5.92% on Monday.
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