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Rupee Opens At 72.19 Per Dollar

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The home currency in Wednesday's trade opened mildly higher at 72.19 versus the previous one-year low of 72.40.

Rupee Opens At 72.19 Per Dollar
 

The rupee was battered on account of dismal GDP number which might prompt the RBI to mull over further rate cuts in the upcoming monetary policy review. And the same concern, pushed bonds higher, driving the yield down.

In the pre-opening session, Sensex opened with gains of 700 points and then turned flat. Nonetheless, gains in Hong Kong index point to gains in the Indian indices.

GoodReturns.in

Read more about: rupee dollar gdp
Story first published: Wednesday, September 4, 2019, 9:06 [IST]
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