Rupee Opens Higher At 74.94 Per US Dollar

Rupee in Thursday's trade (July 9, 2020) opens higher at 74.94 as dollar steadies to multi-week lows. In the previous session, rupee slipped to 75. 02 per US dollar.

The gains are also led by upbeat equities.

Rupee Opens Higher At 74.94 Per US Dollar

The yield on 10-year government bond stood at versus previous close of 5.7780%.

Oil in today's session remained steady as corona concern looms and there is threat to demand recovery for the commodity. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $40.90 a barrel at 0035 GMT, after rising 0.7% on Wednesday.Brent crude futures inched up 3 cents to $43.32, after gaining 0.5% on Wednesday.

Meanwhile tracking upbeat US markets which saw Nasdaq close at a record high, Indian markets are trading higher, with Nifty at 10754, while Sensex gains to levels of 36522 points.

In India Covid 19 tally has crossed 7.6 lakh mark on record spike in the last 24 hours.

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