Rupee in Thursday's trade (June 18, 2020) opened flat at 76.16 per US dollar. In the previous trading day, weakness in the equity and India-China border tensions weighed on the currency.
Rupee Opens Flat At 76.16/US Dollar, Fitch Revises India's Outlook To Negative
In the bond market, the yield on benchmark bonds stood at 5.836%.
Meanwhile, Fitch agency has cut India's long-term foreign-currency Issuer Default Rating to negative from stable. The rating has been affirmed at BBB-.'
Oil markets on Thursday continued to be weak on rising coronavirus cases which dents demand recovery.US WTI was down over 1% at $37.36 per barrel.
Indian indices tracking weakness in the overnight trade in the US markets are trading lower flat with a positive bias.
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