17 Jan , 2025 By : Debdeep Gupta
The local currency opened at 86.56 against the US dollar and is currently traded at 86.57 against the dollar, as compared to 86.57 at the close of the previous trading session against the greenback.
The rupee opened marginally down on January 17 as Brent crude prices continued to rise.
The Indian currency opened at 86.56 against the US dollar and traded at 86.57 around 10 am. It closed at 86.57 in the previous trading session.
Oil prices jumped on January 17 because of concerns over tighter supply following US sanctions on Russian oil and signals from a Federal Reserve official of potential interest rate cuts.
Brent crude oil prices were trading up 38 cents or 0.47 percent at $81.67 per barrel.
On January 16, the local currency ended 18 paise lower on January 16 due to a sharp jump in Brent crude oil prices, the rising dollar index, and outflows from foreign investors.
The Indian bond yield, especially the 10-year benchmark bond yields, opened at 6.738 percent, as compared to 6.748 at the close in the previous trading session.
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