Rupee Opens Flat At 72.70

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    Rupee opens almost unchanged in trade today at 72.70 against 72.69, yesterday's close. The pre-opening session has been also positive with Sensex almost up in trade by 1% and Nifty also shown similar surge.

    Rupee Opens Flat At 72.70
     

    Yes Bank also surged by almost 10% in the pre-opening session. Also, the US markets closed lower in yesterday's trade.

    The rupee's current position is stressing on different policy initiatives such as interest rate hike, tightenend liquidity, less of spending etc.

    On the financial front also, there are also concerns on liquidity in the markets.

    The benchmark 10-year Bond yield is 8.11%.

    Also, fuel prices across metros have remained unchanged today after contiuous surge. Crude oil has surged at 4-year high and on the sidelines Trump assured that supply will be maintained across the world.

    Meanwhile, the rupee has strengthened by another 10 paise and was trading higher by 0.13% at 72.60.

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