The dollar traded narrowly against its peers as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial US government shutdown, as per media reports.
The Indian rupee extended gains for the second day and appreciated in the opening trade. The rupee was trading at 69.88 a dollar. The yields on the 10-year government bonds fell 0.19% to 7.37/$.
The dollar traded narrowly against its peers as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial US government shutdown, as per media reports.
The local currency, on Friday, rose 40 paise to finish at an over one-week high of 69.95/$ on strong dollar buying by banks and exporters amid the US currency’s weakness overseas.
Meanwhile, oil prices edged higher on the last trading day of the year, but remain on track for the first yearly decline in three years amid concerns of a supply glut.
The dollar traded narrowly against its peers as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial US government shutdown, as per media reports.
The local currency, on Friday, rose 40 paise to finish at an over one-week high of 69.95/$ on strong dollar buying by banks and exporters amid the US currency’s weakness overseas.
Meanwhile, oil prices edged higher on the last trading day of the year, but remain on track for the first yearly decline in three years amid concerns of a supply glut.
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