Indian Rupee opened Higher at 71.70 per Dollar Against Yesterday’s Close of 72.02.

Indranil Pan, economist at IDFC Bank said that fading inflation risks will offer RBI room to provide greater flexibility to adjust rates either way depending on what’s needed.

Yield on 10-year sovereign bonds fell 12 basis points to 7.41 percent on Wednesday, the lowest since April, after Shaktikanta Das was appointed as RBI’s governor.

In currency markets, the rupee is likely to track a rise in emerging market peers that gained on some positive developments in the U.S.-China trade talks.

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment