Rupee opens lower per US dollar as global oil prices rise


Rupee opens lower per US dollar as global oil prices rise

Rupee on Tuesday opened on a weak note against the US dollar on account of rising oil prices as the US government imposed sanctions on Venezuela. The domestic currency opened at 71.13 and hit a high and a low of 71.13 and 71.21 a dollar, respectively. The rupee was trading at 71.16 versus the greenback at the time of reporting.

On Monday, the rupee ended the day 7 paise higher at 71.10 against the US dollar on selling of dollar by exporters as crude oil prices ease, experts say.

The bond yields of the 10-year government bonds were up 0.03 percent to 7.33 percent from its last close of 7.33 percent. Read More

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