The rupee opened higher at 73.17 a dollar, up 40 paise. The 10-year bond yields were down 4bps at 7.85%
The Indian rupee opened higher on Wednesday amid decline in crude oil prices in the international markets and increased dollar selling by banks and exporters.
The rupee opened higher at 73.17 a dollar, up 40 paise. The 10-year bond yields were down 4bps at 7.85%.
On the global front, oil prices extended their decline from the previous day as crude slumped as much as 5% after Saudi Arabia said it would make up for supply disruptions from US sanctions on Iran’s petroleum exports from next month.
On Tuesday, the local currency ended flat at 73.57 against the US currency.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs73.78, while for the Euro, it was at Rs84.47. The RBI’s reference rate for the Yen stood at Rs65.62; the reference rate for Great Britain Pound (GBP) was Rs95.55.
The rupee opened higher at 73.17 a dollar, up 40 paise. The 10-year bond yields were down 4bps at 7.85%.
On the global front, oil prices extended their decline from the previous day as crude slumped as much as 5% after Saudi Arabia said it would make up for supply disruptions from US sanctions on Iran’s petroleum exports from next month.
On Tuesday, the local currency ended flat at 73.57 against the US currency.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs73.78, while for the Euro, it was at Rs84.47. The RBI’s reference rate for the Yen stood at Rs65.62; the reference rate for Great Britain Pound (GBP) was Rs95.55.
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