The rupee was trading at 70.09/$, up 53 paise from Wednesday’s close of 70.62/$.
The Indian rupee opened at a three-month high on Thursday as global crude oil prices slipped below the $60/barrel mark amid a smart recovery in domestic equity markets. The rupee was trading at 70.09/$, up 53 paise from Wednesday’s close of 70.62/$.
Today, the local currency breached the 70-mark since August this year. The currency has hit 69.95 high level against US Dollar early morning trade.
The bond yields were at its lowest levels since early May as most Asian markets rallied following the US Federal Reserve’s comments. The yields on the 10-year government bonds fell 0.4% to 7.61% after closing at 7.64% on Wednesday.
On the international front, the dollar struggled in today’s session and US Treasury yields dipped after Jerome Powell said that US policy rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point.
RBI's reference rate for the dollar stood at Rs70.68, while for the euro, it was at Rs79.87. Further, its reference rate for the yen stood at Rs62.08, while that for the British pound sterling, it was at Rs90.13.
Today, the local currency breached the 70-mark since August this year. The currency has hit 69.95 high level against US Dollar early morning trade.
The bond yields were at its lowest levels since early May as most Asian markets rallied following the US Federal Reserve’s comments. The yields on the 10-year government bonds fell 0.4% to 7.61% after closing at 7.64% on Wednesday.
On the international front, the dollar struggled in today’s session and US Treasury yields dipped after Jerome Powell said that US policy rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point.
RBI's reference rate for the dollar stood at Rs70.68, while for the euro, it was at Rs79.87. Further, its reference rate for the yen stood at Rs62.08, while that for the British pound sterling, it was at Rs90.13.
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