Rupee weakens to fresh 15-month low against US dollar. Here’s why - News Summed Up

Rupee weakens to fresh 15-month low against US dollar. Here’s why


The 10-year bond yield ended at 7.709%, up 13 basis points, from its previous close of 7.581%. The rupee closed at 67.27 against US dollar, down 0.29% from its previous close of 67.08. The currency opened at 66.34 and touched a low of 67.48—a level last seen on 2 February 2017. The 10-year bond yield ended at 7.709%, up 13 basis points, from its previous close of 7.581%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.187, up 0.07% from its previous close of 93.12.


Source: Mint May 09, 2018 03:48 UTC



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