Currency

The Sensex and Nifty had ended 0.73 per cent and 0.76 per cent per cent lower respectively on Friday, extending losses to a third session in a row.

Meanwhile, the 10-year government bond yield was at 6.92 per cent on Friday.

The rupee was on course to finish the week on a lower note against the US currency.

Dollar rate in India: After opening marginally higher against the greenback at 69.37, the rupee declined by as much as 10 paise to hit 69.45 in afternoon deals. Crude oil prices lowering to near five-month lows supported the rupee however strength in the dollar overseas kept the advances in check, say analysts. The rupee had closed at 69.35 against the dollar on Wednesday.

Rupee vs dollar today: Weakening of the dollar overseas along with strength in the domestic equity markets supported the currency. However, a rise in global oil prices kept the upside in the rupee in check.

The rupee had settled at 69.28 against the dollar on Thursday.

Steadiness in the dollar overseas along with a recovery in the domestic equity markets supported the rupee, according to analysts. However, gains of more than 1 per cent in global oil prices limited the gains in the rupee against the dollar. On Thursday, the rupee had settled at 69.28 against the US dollar.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.

The rupee opened weak at 69.41 at the interbank forex market and declined to 69.45, down 19 paise compared with the previous close. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 416.08 crore on Tuesday, according to provisional data.

In its June 6 statement, the RBI is widely expected to reduce the repo rate by 25 basis points to 5.75 per cent.

Analysts say hopes of monetary policy easing by the central bank this week boosted the rupee. Snapping a three-day losing streak, the rupee had settled at 69.70 against the US dollar on Friday, 17 paise higher compared to the previous close.

The rupee is emerging Asia's top performer in the past three months, thanks to the gush of foreign cash.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 98.08.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 97.77.