For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Pares Opening Gains; Trades Lower At 71.57

|

The Indian rupee in Wednesday's trade opened with gains of 25 paise at 71.45 versus its previous close of 71.70 per US dollar.

On Tuesday, the domestic currency came under further pressure as economic slowdown concerns as well as grim outlook globally continued to weigh. At the closing, rupee touched a new 6-month low of 71.71 against the greenback.

Rupee Pares Opening Gains; Trades Lower At 71.57
 

Nonetheless, there remain high hopes that sometime soon the centre will come up with sector specific reform measures for boosting consumer demand across sectors and revive the ailing economy.

Further, investors sentiment has been hit on account of a host of factors including massive FII exodus, all-pervading economic slowdown and weakness across emerging market currencies.

In the bond markets, the yield on 10-year government bonds stood at 6.57%.

Meanwhile, Indian equities market opened almost flat, Sensex at the opening was down 19.64 points at 37,308.37, while Nifty traded lower by 10.90 points at 11,006.10.

GoodReturns.in

Story first published: Wednesday, August 21, 2019, 9:43 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more