Rupee Opens Higher At 74.50 Per US Dollar

Rupee in Monday's trade (July 6, 2020) opened at 74.50 versus previous close of 74.64 per US dollar.

In the previous day's trade, buoyed by positive equities, optimism around corona vaccine and weakness in the dollar, rupee closed at its 3-month high levels.

Rupee Opens Higher At 74.50 Per US Dollar

The yield on 10-year government bond stood at 5.84% versus previous close of 5.8460%.

Oil in today's session was mixed as rising corona cases dented demand outlook for the commodity. Brent crude surged 11 cents, or 0.3%, to $42.91 a barrel by 0109 GMT after a 4.3% gain last week, while U.S. West Texas Intermediate crude was at $40.35, down 30 cents, or 0.7%,

Meanwhile Indian equities amid positive trend in Asian stocks has been trading firm, with Nifty above 10700 points while Sensex was at 36401.

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