The Indian rupee on Friday strengthened marginally against the US dollar in opening trade. This was the third sessions when the currency is trading higher. The home currency opened at 67.85 a dollar. The rupee was trading at 67.83 against US dollar, up 0.20% from its previous close of 67.99. The 10-year bond yield stood at 7.78%, from its Thursday’s close of 7.77%. Bond yields and prices move in opposite directions. So far this year, the rupee has weakened 6.1%, while foreign investors have sold $1.15 billion and $5.64 billion in equity and debt markets, respectively. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774Thursday 21 June 2018
Rupee Opens Marginally Higher Against US Dollar
The Indian rupee on Friday strengthened marginally against the US dollar in opening trade. This was the third sessions when the currency is trading higher. The home currency opened at 67.85 a dollar. The rupee was trading at 67.83 against US dollar, up 0.20% from its previous close of 67.99. The 10-year bond yield stood at 7.78%, from its Thursday’s close of 7.77%. Bond yields and prices move in opposite directions. So far this year, the rupee has weakened 6.1%, while foreign investors have sold $1.15 billion and $5.64 billion in equity and debt markets, respectively. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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