Rupee Opens Sharply Higher At 74.69 Per US Dollar

Rupee in Friday's trade opened on a strong note with gains of 46 paise at 74.69 versus its previous close of 75.15 per US dollar.

Rupee Opens Sharply Higher At 74.69 Per US Dollar

On March 26, 2020, buoyed by strong sentiment in domestic equities market and the government's bail-out package worth Rs. 1.7 lakh crore announced to tide through the coronavirus pandemic, rupee climbed to a day's high of 75.09 against the dollar.

The dollar is on course of its highest weekly decline in over a decade as a slew of measures such as $2.2 trillion US stimulus calmed fears around global recession due to the coronavirus pandemic.

In the bond market, the yield on 10-year benchmark bonds declined sharply to 6.13%.

Meanwhile, the benchmark indices opened with strong gains for the fourth-straight session, with Sensex reclaiming 30,000 mark and Nifty above 9000.

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