For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Opens Lower At 75.89/ US Dollar; IIP, CPI Data Eyed

|

Rupee in Tuesday's trade opened lower at 75.89 versus previous closing of 75.73 per US dollar. The weakness in the home currency is mainly on account of strength in the dollar which has been boosted as there have emerged concerns of second wave of coronavirus infection.

In the bond market, the yield on 10-year bonds opened at 6.19% as compared to Monday's close of 6.17%.

Rupee Opens Lower At 75.89/ US Dollar; IIP, CPI Data Eyed
 

Dealers await IIP and CPI inflation numbers due to be released today.

Oil prices today have climbed as Saudi Arabia made an unexpected commitment to cut production in June which will help exhaust the global glut. Brent crude futures surged to a high of $30.11 per barrel, after receding lower by $1.34 in the previous session. U.S. West Texas Intermediate (WTI) crude futures were up 1% at $24.38.

Meanwhile, tracking weakness in Asian Shares, Indian indices are trading with sharp losses.

GoodReturns.in

Read more about: exchange rate rupee dollar
Story first published: Tuesday, May 12, 2020, 10:13 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more