Indian Rupee Trades Lower against USD

The domestic currency continued trade in Tuesday’s session on moderately weaker note at 68.97-per dollar V/s previous day’s close of 68.95. Yield on benchmark ten year bonds scaled at 6.85percenet.

Expectation of the U.S-China trade resolution lifted the outlook in the globally in equities market, heightening dollar at the same time.

The trade treaty between the United States & China, and the hopes of the Union Budget, set to be revealed on Friday, will continue to rule investor emotions on Tuesday. 

On Commodity space, Crude oil prices slid on Tuesday on concern over lowering demand. Brent crude futures fell at the rate of USD 64.73 per barrel, while U.S crude futures fallen to a level at USD58.61-per barrel.

Meantime, the European shares finished higher on Monday, first July, with the G20 meet over the weekend bringing to light a tariff truce between the United State& China.

Back home, the Sensex, Nifty start flat with positive bias with Nifty above 11,850-levels in the opening hours.