Rupee Opens Higher At 73.10 Per Dollar

Indian rupee on Wednesday opened higher by 15 paise at 73.10 versus previous close of 73.25.

Rupee Opens Higher At 73.10 Per Dollar

Rupee taking into coronavirus grip in India breached past levels of 73 in Tuesday's trade as panic striked. Even government's say on the matter that it is watching the situation closely and all measures would be taken to maintain market confidence amid coronavirus grip failed to lift the rupee.

In the US markets, after the Fed cut rates by 0.5% to combat the deadly COVID-19 infection, US stocks again tumbled. Also, South Korea doled out a stimulus package to the tune of $9.8 billion to minimize the impact of huge impact of the virus outside China.

Meanwhile, cues from SGX Nifty suggest a flat opening for the Indian benchmark indices.

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