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Rupee Trades Flat At 71.48 Against Dollar


Rupee trades lower at 71.48 versus yesterday's c lose of 71.49 against the dollar.

Home currency opened marginally lower at 71.52 tracking losses in other Asian peers.

Rupee Trades Flat At 71.48 Against Dollar

Rupee has gained respite from previous lows gains in equities, highest ever dole out by the RBI to the government as recommended by the Jalan Committee and after Trump hinted at entering into negotiations with China on trade war front.

Nonetheless as trade war tension continue to haunt markets and investors, most Asian currencies are on the decline.

Bond yield came in at 6.51%, which has been on the decline since the govt's showed its comment to adhere to fiscal deficit target for the FY'20.

Meanwhile, indices are set to open higher, with pre-opening positive bias on the Sensex.

Read more about: rupee dollar
Story first published: Wednesday, August 28, 2019, 9:21 [IST]
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