Indian rupee extends gains against dollar for fifth day
The rupee trades at 63.77 per dollar in early session compared with its previous close of 63.84
The Indian rupee extended gains to a fifth session on Wednesday as easing geopolitical tensions in Syria led to cooling of global crude oil prices, which will help keep the country’s import bill in check.
The Indian currency opened at 63.83 per dollar against its Tuesday’s close of 63.84.
Bond yields also eased on lower oil prices with the benchmark 10-year yield down 4 basis points at 8.43%. One basis point is one-hundredth of a percentage point.
At 9.06am, the rupee was trading at 63.77, up 0.11%, while India’s equity benchmark Sensex was trading at 19,996 points, unchanged from its previous close.
BY
shyam kishor singh
PGDM-I
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