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Rupee Continues To Gain On Dollar Weakness; Opens At 74.58 Per US Dollar


Rupee in Wednesday's trade (July 22, 2020) opens at 74.58 versus previous close of 74.74 per US dollar. The dollar index falls to over 4-month low. In the previous session, rupee ended at a two-week high on the back of coronavirus vaccine hopes as well as resilient Indian equities.

Bond yield in today's trade stood at 5.833%.

Rupee Continues To Gain On Dollar Weakness; Opens At 74.58 Per US Dollar

Oil prices in today's trade declined again on demand outlook due to resurging corona cases and stock pile. Brent crude fell 32 cents, or 0.7%, to $44 a barrel by 0156 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 33 cents, or 0.8%, to $41.59.

As we write, tally of coronavirus cases hits 11,55,191

Meanwhile Indian indices opened flat in line with Asian markets after Trump says worst in respect of corona cases is yet to come.

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