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Rupee Trades Weak At 75 Per US Dollar

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Rupee in Friday's trade (August 6, 2020) opened weak at 75.5 versus previous day's close of 74.93 per US dollar. At around 10:53 am, the local currency however traded at 75.

The yield on 10-year benchmark bond stood at 5.817%.

Rupee Trades Weak At 75 Per US Dollar
 

In its second bi-monthly monetary policy meet on Thursday RBI maintained status quo with accommodative stance for gearing economic recovery and left its ammunition for use at a later time. RBI Governor Shaktikanta Das said the central banker will be vigilant on inflation, that crossed RBI mandate of 6% in June, nearly doubling from a year ago.

Meanwhile, Indian indices tracking mixed global markets are trading flat with a negative bias, with Nifty at 11200 points.

GoodReturns.in

Read more about: rupee dollar exchange rate
Story first published: Friday, August 7, 2020, 10:56 [IST]
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