For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Opens Tad Lower At 69.39

|

The Indian rupee opened tad lower at 69.39 per dollar versus yesterday's close of 69.35. The domestic currency is on course to hit best weekly performance since March 15 on the back of decline in oil prices. Also, a record inflow to the tune of $10 billion into the Indian equities market provided support to the currency.

Rupee On Course Of Best Weekly Gains Since March 15
 

Indian bonds also got a boost with the drop in oil prices and the yield on benchmark 10-year bonds is trading at 7.369%. It has lost 2 bps this week.

Today, USD-INR pair is expected to quote in the range of 69.40 and 70.05-70.20 as per brokerage firm Motilal Oswal.

GoodReturns.in

Read more about: rupee dollar oil foreign funds
Story first published: Friday, May 3, 2019, 9:40 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more