Rupee Opens Higher At 74.78 Per US Dollar

Rupee on March 20,2020 opened at 74.78, up 30 paise versus its previous close of 75.08 per US dollar.

On Thursday, rupee buoyed by gains in the dollar against the basket of currencies as well as overall global market rout slid below 75 per dollar. There are hopes that RBI may intervene to curb volatility in the domestic currency and may not target a particular level.

In the bond market, yield on 10-year benchmark bonds has been trending higher to 6.35%.

Trends on the SGX Nifty indicate a gap-up opening for the Indian markets which for the last few session has been witness to savage sell-off triggered by the coronavirum led recession fears.

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