Rupee Trades Weak At 75 Per US Dollar

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.

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