Rupee trades at 68.85 against USD

Investors await the US Federal Reserve's announcement on interest rates later today.

Jul 31, 2019 04:07 IST India Infoline News Service

The Indian rupee opened marginally lower at 68.90 against the US Dollar amid heavy selling in domestic equities and rising crude oil prices. Investors await the US Federal Reserve's announcement on interest rates later today. Currently, the rupee is trading at 68.85/$.

The yield on the 10-year government bond was at 6.404% compared with Tuesday's close of 6.39%. The dollar index, which measures the US currency’s strength against a basket of major currencies, was up 0.02% at 98.061 from its previous close of 98.05.

On the economy front, the Reserve Bank of India (RBI) on Tuesday relaxed the end-use stipulations under external commercial borrowings framework for corporates and non-banking financial companies (NBFCs). 

The local unit settled 10 paise down at 68.85 against the dollar on Tuesday. 

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