Rupee touches three-week high, bond yields drop tracking global crude
- By Reuters |
- Oct 24, 2018
- Last Updated at 11:46 IST
MUMBAI - The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment.
The partially convertible rupee was trading at 73.22/23 per dollar at 0340 GMT, compared with its previous close of 73.5750 and after earlier touching 73.10 in opening deals, its highest since Oct. 3.
The benchmark 10-year bond yield was down 4 basis points at 7.85 percent, while the broader NSE share index was up 1.3 percent in pre-open trade.
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OPINION POLL
Will rupee recover to $68 by year end?
- Yes
- No
- Can't Say
