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Rupee Trades Lower At 71.90

Roshni Agarwal

Rupee continues to trade lower on account on global and local headwinds. Rupee in Thursday's trade opened lower at 71.90 versus previous close of 71.76 and still continues to trade lower reaching 72.03 per dollar.

Bond yields have also remained unchanged in the debt markets even as bonds have gained from government's measures to stand by the fiscal deficit target for FY'20.

Oil has inched higher for the first time in 3 days on economic strength concerns.

Meanwhile, Nifty and Sensex also opened on a tepid note tracking weak overseas cues impacted by trade war outlook, Nifty trades below 11,000 while Sensex has been driven lower by 150 points.

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