The Indian rupee is opened lower against the dollar ahead of the nation’s Monetary Policy Committee decision on whether to raise interest rates to support Asia’s worst-performing currency this year. The rupee opened at 73.65 versus the dollar compared with its previous close of 73.58,
One-month non-deliverable rupee forward at 74.14; onshore one-month forward premium closed at 30 paisa in previous session.
Brent crude oil contract 0.6% higher at $85.08 per barrel, after tumbling 2% in previous session.
Dollar index little changed at 95.79. Ten-year US yield at 3.1965%. It climbed to as 3.2320% yesterday, highest since mid-2011.
SGX Nifty nearest-month futures trading off 0.4% at 10,561.50
Date : Oct-2018
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