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Rupee Opens Lower At 76.45; Bond Yields Decline To 6.28%

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Rupee in Monday's April 20, 2020 trade opens lower at 76.45 as against previous close of 76.40 per US dollar. On Thursday, rupee retreated to its all-time low of 76.88 per US dollar.

The losses in the currency on the back of strength in dollar and equity markets.

In the bond market, the yield on benchmark bond declined to 6.28% after previously hitting 6.34%.

Rupee Opens Lower At 76.45; Bond Yields Decline To 6.28%
 

On Friday, RBI provided a slew of relief and opened its liquidity by announcing TLTRO as well as prompted bank's to spur lending by reducing reverse repo cut.

Against cautious sentiment in the Asian markets, Indian markets spurred by gains in HDFC Bank made record gains on the benchmark indices.

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