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Rupee Hits All Time Low Of 69.12 Against The Dollar
The Indian rupee today hit an all-time low of 69.12 against the U.S. dollar. Sustained demand for the dollar and strength in the US Greenback against a basket of global currencies, pushed the currency lower.
However, it did manage to recover and was last seen trading at 68.94 to the dollar. The currency is expected to remain volatile, ahead of the "No Confidence Motion" against the Narendra Modi government.
Meanwhile, India's 10 year bond yield was placed at 7.789 per cent.
The Bond markets will be watching the rupee's movement while an auction of Rs 12,000 crore of sovereign debt will also provide cues for next week.
Meanwhile, the Sensex was trading with gains of 124 points, while the Nifty was up 29 points.
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