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Rupee Opens Tad Lower At 71.17; Bond Yields Rise

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The Indian rupee resumed trade on a weak note and opened a tad lower at 71.17 compared to the previous close of 71.14 against the greenback.

Nonetheless, amid strengthening of the dollar overseas and gains in crude oil price in the global markets, rupee hit a day's low of 71.47 per US dollar.

Rupee Opens Tad Lower At 71.17; Bond Yields Rise To 6.58%
 

On Friday, rupee settled 13 paise higher against the dollar despite continuing outflows and gains in the US dollar on account of firm trend in domestic equities.

Yield on 10-year benchmark bonds trades at 6.584%.

Meanwhile, Indian equities open higher tracking positive global and domestic cues, with Nifty50 opening above 11,100 points.

GoodReturns.in

Read more about: rupee dollar bond yield stimulus
Story first published: Monday, August 19, 2019, 9:30 [IST]
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