Tuesday 2 October 2018 12:37 AM UTC
Higher US Treasury yields, which rose above the 3 per cent mark, boosted the appeal for the dollar, analysts said. The dollar rose to near 1-month highs against global currencies.
The auctions to purchase government bonds as part of the Open Market Operations (OMO) will be conducted in the second, third and fourth week of October.
“Rupee continues to be weak as crude oil prices remains high. Unless we have comfort from crude oil prices, we are likely to see weakness in rupee. It is going to hover in 70-72 range,” a senior treasury official said.
Brent crude was trading at $82.94 per barrel, up 0.25 per cent.
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