Rupee Ends At 2-Month High Of 72.43/US Dollar; Bond Yield At 6%

Rupee ended at an over two month high on robust gains in the Indian equity market, wherein it touched a new record high on the Nifty. The Indian currency today settled at 72.43 per US dollar versus its previous close of 72.59.

Rupee Ends At 2-Month High Of 72.43/US Dollar; Bond Yield At 6%

In the bond market, the yield on 10-year benchmark bond strengthened to 6.003 percent. Meanwhile, the dollar index which measures the strength of dollar against other currencies gained 0.46 percent to 90.38.

Also, other Asian currencies, including the likes of Philippine Peso, Renminbi, Won of South Korea also gained up to 0.41 percent.

Next week, rupee shall gain direction from RBI's MPC outcome as well as the non-farm payroll data to be released in the US. Emkay Global Financial Services expects to trade in the range of 72-73.

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