Today Rupee trades marginally lower against US dollar
The Indian rupee on Tuesday was trading marginally lower against the US dollar tracking the losses in its Asian peers. Trade is likely to be thin because many dealers are on year-end holiday.
The home currency opened at 67.81 against the US dollar. At 9.15am, the rupee was trading at 67.83 per US dollar—down 0.12% from its previous close of 67.74. So far this year, it has fallen 2.5%.
Asian currencies were trading lower. Thai Baht was down 0.39%, South Korean won 0.37%, Japanese yen 0.22%, Taiwan dollar 0.2%, Philippines peso 0.19%, Malaysian ringgit 0.12%, Singapore dollar 0.1%, China Offshore 0.06%.
India’s benchmark Sensex index was trading at 25,809.01 points, up 0.01% or 1.91 points from its previous close. So far this year, it has down 1.2%
The 10-year bond yield gained for the fourth consecutive sessions and hit six-week high. It was trading at 6.597%—a level last seen on 11 November, compared to Monday’s close of 6.544%. Bond yields and prices move in opposite directions.
So far this year, foreign institutional investors have bought $3.44 billion in equities and sold $6.61 billion in debt.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.10—up 0.13% from its previous close of 102.97.
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The home currency opened at 67.81 against the US dollar. At 9.15am, the rupee was trading at 67.83 per US dollar—down 0.12% from its previous close of 67.74. So far this year, it has fallen 2.5%.
Asian currencies were trading lower. Thai Baht was down 0.39%, South Korean won 0.37%, Japanese yen 0.22%, Taiwan dollar 0.2%, Philippines peso 0.19%, Malaysian ringgit 0.12%, Singapore dollar 0.1%, China Offshore 0.06%.
India’s benchmark Sensex index was trading at 25,809.01 points, up 0.01% or 1.91 points from its previous close. So far this year, it has down 1.2%
The 10-year bond yield gained for the fourth consecutive sessions and hit six-week high. It was trading at 6.597%—a level last seen on 11 November, compared to Monday’s close of 6.544%. Bond yields and prices move in opposite directions.
So far this year, foreign institutional investors have bought $3.44 billion in equities and sold $6.61 billion in debt.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.10—up 0.13% from its previous close of 102.97.
Read More - Currency Updates
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