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Rupee Opens Flat At 75.87 Per Dollar

Roshni Agarwal

Rupee in Thursday's trade opened unchanged at 75.87 per dollar versus Tuesday's close of 75.88 per US dollar. On Wednesday, the currency market of India was closed due to a public holiday.

The Indian currency after losing for four-straight sessions gained in Tuesday's trade by as much as 34 paise and ended the session at 75.88 per US dollar after the finance minister said the ministry is working on an economic package for dealing with the coronavirus outbreak.

Crude oil prices trade mixed after snapping three days of gains as coronavirus led lockdowns and travel bans point to falling demand for the commodity. West Texas Intermediate (WTI) crude futures fell 4 cents, or 0.2%, to $24.45 as of 0018 GMT, while Brent crude futures surged 12 cents, or 0.4%, to $27.51.

In the bond market, the yield on 10-year benchmark bonds stood at 6.31%.
Meanwhile, benchmark indices opened with gains for the third straight day, with Nifty above 8400 points.

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