Rupee Opens Sharply Lower At 74.27 Per Dollar

Rupee in Thursday's trade opened on a weak note at 74.27 versus its previous close of 73.64 per US dollar.

Oil after two-consecutive days of gains after Monday's rout again fell in trade sharply as the US banned travel from Europe. There remains threat of cheap quality supply . Brent crude was down by 3% at $34.76 at around 0130 GMT. U.S. crude was down $1.13, or 3.4%, at $31.85.

Rupee Opens Sharply Lower At 74.27 Per Dollar

The yield on the 10-year benchmark government bonds opened at versus its previous close of 6.12%.

Meanwhile, as the coronavirus calamity has been declared as a pandemic and in its wake Dow Jones has had hefty losses, Indian benchmark indices are likely to open sharply lower.

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