Rupee on Wednesday (June 3, 2020) is on the higher side and at 10/:59 am trades at 75.26 close of 75.35 per US dollar. The gains are on the back of climbing oil prices as well as resilient equities which has scaled to 34000 on the Sensex.
In the previous session, rupee climbed on resilient equities and softer dollar.
In the bond market, the yield on 10-year government bond opened at 5.763% versus its previous closing of 5.76%.
Oil prices on Wednesday rose to a 3-montth high as hopes on production cuts strengthened. Brent crude was up 22 cents, or 0.6%, at $39.79, by 0003 GMT, the highest since March 6, having gained 3.3% on Tuesday.
U.S. West Texas Intermediate crude (WTI) gained 33 cents, or 0.9%, at $37.14, also the highest since March 6