Rupee trading steady after RBI’s liquidity measures

The rupee opens at 61.71 per dollar compared with its previous close of 61.80

  

Mumbai: The Indian rupee rose marginally on Tuesday and is largely trading steady, a day after the Reserve Bank of India (RBI) announced measures to ease the liquidity tightness in the banking system.

The rupee opened at 61.71 per dollar as against its previous close of 61.80 on Monday.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.008, up 0.08% from its previous close of 79.941.

The yield on India’s 10-year benchmark bond slid 18 basis points to 8.5%. One basis point is one-hundredth of a percentage point.

amit kumar pandey

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