Rupee falls 13 paise to open at 82.36 against the US dollar
rupee depreciated 20 paise to close at 82.23 against the US dollar on Wednesday Most Asian currencies were down 0.2% to 0.4%. The 2-year Treasury yield rose to 4.9630% in Asia, hovering near the highest since March, Reuters reported.
Crude oil prices were steady after the latest output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in US crude stocks. Brent futures eased 0.14% to $76.54 a barrel, while US West Texas Intermediate (WTI) crude rose 0.06% to $71.83 a barrel.
On the domestic front, the Indian benchmark equity indices, Sensex and Nifty were trading lower in the pre-opening session. On Wednesday, the Foreign institutional investors (FIIs) net bought Indian shares worth ₹1,603.15 crore, while Domestic Institutional Investors (DIIs) net sold shares worth ₹439.01 crore, as per provisional data available on the exchanges.
Read more on livemint.com
