For Quick Alerts
For Daily Alerts

Rupee Trades Higher Ahead Of Monetary Policy Outcome


Rupee resumed trading on a firm note and was last quoting at 70.82 per US dollar against its previous session's close of 70.90.

Rupee Trades Higher Ahead Of Monetary Policy Outcome

In the bond market, as expectations of rate cut in Friday's MPC get more pronounced, there has been seen to decline to one-month low.

The growth concerns which saw the June quarter growth plunge to a six-year low at 5% and the subdued inflationary level is most likely to prompt the government to cut key policy rates.

Meanwhile, equities also gained ground on the back of global cues. Wall Street gains on weak services data which raises expectations of a further rate cut this year.

Read more about: rupee bond yield rbi repo rate
Story first published: Friday, October 4, 2019, 9:14 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
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