Rupee Gains Against Dollar As Govt Hikes Import Duties

The Indian rupee on Thursday strengthened against the US dollar after the government increased tariffs on imported goods to narrow current account deficit. The rupee was trading at 72.40 a dollar, up 0.30% from its Wednesday’s close of 72.62. The home currency opened at 72.41 per dollar. The 10-year gilt yield stood at 8.04%, below its previous close of 8.072%. Bond yields and prices move in opposite directions. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961