Rupee trades flat at 68.76 against US Dollar

The yield on the 10-year government bond was at 6.419% compared with Monday's close of 6.412%.

Jul 30, 2019 05:07 IST India Infoline News Service

The Indian Rupee is trading flat on Tuesday ahead of the resumption of US-China trade talks and the outcome of Federal Reserve’s policy review meeting this week. Currently, the local unit is trading flat at 68.76/$.

The yield on the 10-year government bond was at 6.419% compared with Monday's close of 6.412%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was down 0.05% at 98.097 from its previous close of 98.044.

The local unit ended higher by 10 paise at 68.73 against the US dollar amid easing crude oil prices.

Meanwhile, the Sensex rose 123 points at 37,809, while the Nifty jumped by 36 points to trade at 11,226 levels.

Further, oil prices extended overnight gains amid widespread expectations that the US Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude rose 0.47%, to $63.92/barrel. West Texas Intermediate crude (WTI) was up 0.62% at $57.22/barrel.

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