Rupee Opens Steady At 73.84 Per US Dollar

Rupee in Friday's trade (August 28, 2020) opens almost steady at 73.84 versus previous day's close of 73.82 per US dollar. In the previous session, the domestic unit gained sharply after RBI Governor's comments that the central bank has not exhausted all its ammunition to deal with economic fall-out due to coronavirus pandemic.

Rupee Opens Steady At 73.84 Per US Dollar

"Extreme risk aversion can be self-defeating, banks will not be able to win their bread," Das said, amid indications of a slowdown in credit growth in the banking system.

The yield on 10-year benchmark bond stood at 6.15%.

Oil declined in trade today but is still on course for its fourth weekly gain as hurricane Laura sweeped through Texas and Louisiana without causing much of damage to the region's oil infrastructure.US oil futures dragged below $43 per barrel, after settling lower by 0.8 percent in the previous session.

Meanwhile, Indian indices opened on a positive note with the Nifty index topping 11600 mark.

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