The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.
Indian rupee is trading higher by 15 paise at 75.46 per dollar, amid buying seen in the domestic equity market.
It opened 11 paise higher at 75.50 per dollar on Wednesday against previous close of 75.61.
At 11:08 IST, the Sensex was up 260.63 points or 0.77% at 34217.32, and the Nifty was up 67.90 points or 0.68% at 10114.60.
The dollar-rupee contract on the NSE was at 75.71 in the last session. The open interest remained flat for the June series while for the July series it increased marginally by 2.2%, said ICICIdirect.
After the week-long bounce in equities, we have seen some notable weakness in the last few sessions as investors booked profits in risk assets, it added.
The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.
Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world's largest crude consumer.
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First Published on Jun 10, 2020 10:00 am
