Rupee Opens Unchanged At 75.53 Per US Dollar

Rupee in Wednesday's trade (July 1, 2020) opened almost flat at 75.53 versus previous close of 75.507 per US dollar. For the last four sessions, rupee has been gaining ground and for the quarter April-June stood as the third worst performing Asian currency, behind the Hong Kong dollar and Japanese Yen.

Rupee Opens Unchanged At 75.53 Per US Dollar

During the January-March quarter, the country logged a current account surplus of $600 million against market expectation of a deficit amounting to $3 billion.

The yield on 10-year benchmark bond stood at 5.881% as against the previous close of 5.886%. In the previous session, yield hit an over 1-week low after RBI announced special open market operation (OMO) for simultaneous purchase and sale of debt on July 2.

Also, traders in the bond market will be watchful of the sale of T-bills worth Rs. 35000 crore.

Meanwhile, Indian equities are trading firm with Sensex trading with gains of 200 points while Nifty is close to 10350 mark.

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