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Rupee Trades Higher At 71.28

Roshni Agarwal

The domestic currency resumed trade in the new calendar year 2020 with marginal gains and at 9:02 quoted at 71.28 per US dollar against last close of 71.38.

In Tuesday's trade tracking weakness in Indian equities, rupee ended lower.

In 2019, rupee weakened as much as 2.25%. Foreign investors infused closed to $14.51 billion in Indian equities and $3.57 billion in debt.

cIn the bond market, 10-year government bond yield was at 6.549% and after the RBI's operation twist measure the yield was dragged down.

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