Indian Currency Opens Lower @69.21 on Dollar Rise

The domestic currency – Rupee – on Thursday opened a bit lower at 69.21 as against Wednesday’s close of 69.11. Also, Bond yield was recording with loss at 7.36percenet.

The Indian rupee was last trading @69.16, when Asian shares were steady after hitting eight-month high.

Crude Oil prices have also recorded low on rising U.S-Crude stock-pile. Based on inflation level and the Index of Industrial Production (IIP) data, that would be a factor for direction to rupee in the coming week. 

Meanwhile, benchmark indices are little changed in early trade today, however markets are likely to rise today seeing the positive Asian cues and also the I-Phase of general elections starts today.