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Rupee Extends Losses, Trades At 69.80 Per US Dollar
Rupee in trade today opened lower at 69.75 versus Thursday's close of 69.35. Further, the domestic currency extended early morning losses and traded lower by 46 paise at 69.82 per US dollar.
On Friday, forex and equity markets were closed on account of Good Friday.
In the last week, inflation numbers announced did not influence the direction of the currency. Also, the trade numbers that came in were disappointing due to an increase in imports of crude. So, the rupee remained in a narrow range in the holiday-truncated week.
As per RBI data, foreign exchange reserves have increased for the week ended April 12th to USD 414.88 billion.
The yield on the 10-year benchmark bond stood 7.474%
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