Rupee in Tuesday's trade (September 8, 2020) opened lower at 73.62 versus previous day's close of 73.34 per US dollar. Yield on benchmark 10-year bond however fell sharply to 6.05% versus previous close of 5.994%.
The RBI's bid to let the rupee appreciate is to keep inflation levels tamed. Earlier the dollar were being absorbed by the central bank to keep the rupee from appreciating.
This is as India-China tensions along the border have intensified with firing reported.
Rupee Trades Lower At 73.52/US Dollar; Bond Yield Rises To 6.05%
Oil prices were dragged by more than 1% after Saudi Arabia hinted at supply cuts and there was seen a drag in demand owing to coronvirus led disruption.
Meanwhile, Indian indices opened flat fluctuating between gains and losses.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google