Rupee Opens Higher At 74.96 Per US Dollar On Upbeat Equities

Rupee in Friday's trade (August 21, 2020) opened at 74.96 versus previous day's close of 75.03 per US dollar.

The yield on 10-year benchmark bond came in at 5.947%.

Rupee Opens Higher At 74.96 Per US Dollar On Upbeat Equities

Oil prices are set for third consecutive weekly gain in the US with demand outlook still bearing the brunt of the coronavirus pandemic. In Monday's i.e. August 17 trade, oil rose to a 5-month high amid expectations that the economic recovery can be well within reach, but later the dovish Fed statement and OPEC's demand outlook, tempered all the optimism around recovery being in sight.

Meanwhile, Indian indices tracking gains in global markets edged higher in today's session, with Nifty reclaiming 11400 points mark.

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