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Rupee Opens Lower At 70.85

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Rupee in Tuesday's session opened lower by 8 paise at 70.85 in contrast to previous close at 70.77 per US dollar.

In the previous session, rupee rose to a 5-week high buoyed by positive developments on the US-China trade deal front and also as US reported good economic data. Also, investors eyed crucial information from the Europe.

Rupee Opens Lower At 70.85
 

Further, oil in trade weakened in price amid apprehension concerning output restrain by OPEC and some other nations.

Yield on 10-year benchmark bonds came in at 6.484%.

Moreover, benchmark indices on gains in other Asian markets were lifted higher in trade, Sensex gained 100 points in early trade whereas Nifty touched near 12,000 points.

GoodReturns.in

Story first published: Tuesday, November 5, 2019, 9:24 [IST]
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