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Tuesday, January 28, 2025 | 08:38 AM ISTEN Hindi

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Rupee hits record low of 73.34 a dollar on high global crude oil prices

The benchmark 10-year bond yield was up 6 basis points to 8.05%

rupee, rupee versus dollar
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In this context, NEER being at 73.37 looks interesting

Reuters
The Indian rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.

The partially convertible rupee hit 73.34 a dollar in early trade, an all-time low, and sharply lower than its previous close of 72.91. At 9:05 IST, the rupee was trading at 73.30. Markets were closed on Tuesday on account of the 150th birth anniversary of Mahatma Gandhi.

The benchmark 10-year bond yield was up 6 basis points to 8.05 per cent.

Oil prices firmed on expectations

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