Rupee Opens Weak At 75.16 Per US Dollar

Rupee in Tuesday's trade (August 4, 2020) opens weak at 75.16 versus previous day's close of 75.01 per US dollar. There has been seen some recovery in the dollar index which has now drifted away from over 2-year low.

Yield on 10-year benchmark government bonds stood at 5.837%.

Rupee Opens Weak At 75.16 Per US Dollar

Oil prices continue their downward trajectory as there is a dent seen on demand due to rising corona cases reimposing lockdown, while producers are upping their supplies. U.S.
West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.5% to $40.79 a barrel at 0132 GMT, while Brent crude futures fell 27 cents, or 0.6% to $43.88 a barrel.

Meanwhile, Indian equities on robust gain in US equities as well as good manufacturing data opened higher, but Nifty still trades lower at 10912 points.

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