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Rupee Trades Lower After Opening Flat


Rupee in Friday's trade opened unchanged at 71.21 per US dollar. In Thursday's trade rupee gained after US-Iran seemed to not escalate the issues which boosted the appeal of riskier assets.

Rupee Trades Lower After Opening Flat

Oil also dropped from its highs of $70 per barrel as the likelihood a war in the Middle East, major supplier of crude, could have disrupted oil supply otherwise.

In the bond market, yields stood at 6.58%.

Meanwhile, equities also opened marginally higher after Thursday's tremendous gains of over 1.5% on both the Nifty and Sensex.

Read more about: rupee dollar crude
Story first published: Friday, January 10, 2020, 9:25 [IST]
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