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Rupee Gains For Third Straight Day To 75.90/US Dollar

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Rupee in Wednesday's trade opened higher at 76.01 versus previous close of 76.18 per US dollar.

In the bond market, the yield on 10-year benchnark bond opened at 6.139% versus its previous close of 6.13%.

Rupee Gains For Third Straight Day To 75.90/US Dollar
 

Oil prices recovered in trade today as the storage space is seen to exhaust at a slower pace than feared. Also there are indications that demand for oil may begin to show up as European nations and some of the US cities move to ease restrictions.

US West Texas Intermediate (WTI) crude futures scaled to a high of $13.85, doing away with the earlier two days' loss of 27%.

On April 28, 2020, BSE is working on allowing trading in negative levels in commodity derivatives after crude saw free fall to negative levels.

Meanwhile, Indian indices in line with gains in the Asian markets has been trading firm with gains of as much as 70 points on the Nifty.

GoodReturns.in

Read more about: rupee dollar
Story first published: Wednesday, April 29, 2020, 10:27 [IST]
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