The local unit opened higher on Wednesday amid weak crude oil prices and the dollar’s losses in global markets due to political uncertainty in the US.
The Indian rupee opened higher on Wednesday amid weak crude oil prices and the dollar’s losses in global markets due to political uncertainty in the US.
The rupee was trading at 69.91/$, up 22 paise.
Forex and money markets were shut on Tuesday for Christmas.
The dollar was broadly lower on Wednesday, due to heightened concerns over the partial US government shutdown and tensions between the White House and the Federal Reserve, as per media reports.
The rupee recovered on Monday by 4 paise to close at 70.14 against the US currency.
The yields on the 10-year government bonds fell 0.63% to 7.24% from its previous close of 7.29%.
RBI's reference rate for the dollar stood at Rs70.17, while for the euro, it was at Rs79.88. Further, its reference rate for the yen stood at Rs63.16, while that for the British pound sterling, it was at Rs88.87.
The rupee was trading at 69.91/$, up 22 paise.
Forex and money markets were shut on Tuesday for Christmas.
The dollar was broadly lower on Wednesday, due to heightened concerns over the partial US government shutdown and tensions between the White House and the Federal Reserve, as per media reports.
The rupee recovered on Monday by 4 paise to close at 70.14 against the US currency.
The yields on the 10-year government bonds fell 0.63% to 7.24% from its previous close of 7.29%.
RBI's reference rate for the dollar stood at Rs70.17, while for the euro, it was at Rs79.88. Further, its reference rate for the yen stood at Rs63.16, while that for the British pound sterling, it was at Rs88.87.
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