Rupee trades 12 paise lower against US Dollar

The 10-year bond yield was trading at 7.387% from its Thursday's close of 7.388%.

The Indian rupee snapped three day’s gain and opened lower on Friday against US Dollar after the European Central Bank (ECB) slashed its growth forecasts and launched an emergency round of policy stimulus. Meanwhile, traders await US jobs data will be released today.

The rupee was trading at 70.11 a dollar, down 12 paise from its Thursday’s close of 69.99/$.
The 10-year bond yield was trading at 7.387% from its Thursday's close of 7.388%.
The local unit ended 28 paise higher at 70/$ on Thursday amid robust foreign inflows and strong buying in domestic equities.

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