For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Opens Strong At 70.75

|

The Indian rupee strengthened in trade on Monday to 70.75 per dollar in comparison to Friday's close of 70.81.

Rupee Opens Strong At 70.75
 

On Friday, weighed by the phase one trade deal between the two largest global economies, oil spurted in trade and consequently all of the intra-day gains made in the rupee were shed and the currency ended flat at 70.81.

On December 16, oil fell in trade but continued to be near 3-month high levels as the initial trade deal between the US and China is said to propel demand for oil, while boosting trade flows.

In the bond market, the yield on 10-year benchmark bonds came in at 6.766% which is at near 5-month high due to rising inflation.

Meanwhile, Indian indices opened with gains for the fourth consecutive session, with Sensex hitting fresh high of 41,185.03, up 0.43% and the Nifty 50 rose as much as 0.4% to 12,134.65.

GoodReturns.in

Read more about: rupee dollar crude
Story first published: Monday, December 16, 2019, 9:38 [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