For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Trades Higher At 71.70 After RBI's Third Operation Twist

|

In Tuesday's trade rupee opened higher buoyed by positive global cues.

Rupee Trades Higher At 71.70 After RBI's Third Operation Twist
 

Rupee on Monday spooked by tension in the Middle East moved lower past 72 mark per dollar but ended slightly higher at 71.93. And as amid geo-political and economic crisis, gold gains its safe haven appeal, investors resorted to buying in it which pushed its price highest in 6 years in the global markets.

In the domestic front, it breached the psychological levels of Rs. 41000 per 10 gm.

On Monday, RBI conducted its third round of operation twist to ease interest rates in the economy in order to boost sagging economic growth.

In the bond market, the yield on benchmark 10-year bonds stood at 6.54% versus its previous close of 6.57%.

Meanwhile, equities tracking gains in the US and other Asian markets may gain marginally after Monday's huge sell off.

GoodReturns.in

Read more about: rupee bond rbi
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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