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Rupee Opens Tad Lower At 75.56 Per US Dollar


Rupee on Tuesday (June 2, 2020) opened tad lower at 75.56 versus its previous close of 75.54 per US dollar.

In the previous session, after opening strong on weak dollar and strong equities, rupee ended lower.

Yesterday. India suffered a downgrade on its sovereign rating by one notch amid all the economic woes.

Rupee Opens Tad Lower At 75.56 Per US Dollar

In the bond market, the yield on 10-year government bond opened at 5.77% versus its previous closing of 5.777%.

Oil prices on Tuesday inched higher ahead of OPEC + meet on extended production cuts. Brent crude futures rose 0.4%, or 17 cents, to $38.49 a barrel as of 0220 GMT. West Texas Intermediate (WTI) crude futures traded in a 38-cent range on either side of Monday's close, and last traded unchanged at $35.44 a barrel.

Meanwhile, Indian benchmark indices despite corona positive cases on the rise and global tensions is trading firm with Nifty above 9900 points.

Read more about: rupee dollar exchange rate
Story first published: Tuesday, June 2, 2020, 10:03 [IST]
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