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Rupee Opens Higher At 75.35 Per US Dollar

Roshni Agarwal

Rupee on Friday (June 5, 2020) opened higher at 75.35 versus its previous close of 75.58 per US dollar. At around 10:21 am, the home currency was trading at 75.40 per US dollar.

In the bond market, the yield on 10-year government bond stands at 5.768%.

Also, as the foreign inflows continue to rise, foreign exchange reserves of the country shall remain firm. Eyes are further on the RBI's monetary policy minutes where the central bank announced 40bps policy rate cut.

In the oil market, prices retreated lower ahead of the OPEC+ meet where it is to be seen whether producers will commit to further production cuts amid the economic slump in the wake of coronavirus.

India's central bank will also sell government bonds worth Rs 30,000 crore, including 2030 bonds worth Rs 18,000 crore.

Meanwhile, after strong gains on the Indices, Nifty is trading at around 10100 points.

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