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Rupee Opens Lower At 71.07

Roshni Agarwal

Rupee resumed trade on Thursday on a still weaker note dragging past 71 mark and touching an early low of 71.10 per US dollar. On Wednesday, rupee closed at a low of 70.988 after dropping to 71 even as equities gained to post record high levels on the Sensex.

Oil in trade on Thursday remain static in price as there are concerns now mounting as US-China trade deal is seen to be delayed until December.Brent crude futures were flat at USD 61.74 a barrel by 0158 GMT. Prices fell USD 1.22, or almost 2% on Wednesday.
Nonethless, global markets continued to tread water as US-China trade talks continue to drag on.

Yield on 10-year benchmark bonds came in at 6.47%

Also, the equities in the pre-opening traded higher with Sensex gaining 150 points and Nifty was close to 12100 levels.

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