For Quick Alerts
For Daily Alerts

Rupee Opens Weak At 75.93 Per Dollar



in Monday's (May 18, 2020) trade opened weak at 75.93, down by 36 paise versus its previous closing of 75.57 per US dollar.

 Rupee Opens Weak At 75.93 Per Dollar

Traders in the bond market will be eyeing RBI's plans of converting Rs. 30,000 crore short-term bonds into long-maturity debt.

India as per Goldman Sachs is set to experience the worst recession on account of the economic fall-out due to Covid 19.

Oil prices on Monday rose to levels past $30 per barrel for the first time since March on output cuts in the US and elsewhere and a pick-up in demand as there is a gradual relaxation in coronavirus-led movement restrictions around the globe.

Brent crude futures gained 96 cents to $33.46 per barrel, while U.S. crude rose 98 cents to $30.41.

Meanwhile, as lockdown continues in India, headline indices continue to trade with losses, with Nifty below 9000 points.

Read more about: rupee dollar
Story first published: Monday, May 18, 2020, 10:14 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
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