Rupee opened nearly 5 paise down at 68.23 Against Dollar
The rupee opened nearly 5 paise down at 68.23 against dollar on account of buying in American currency by bank and importers ahead of a news
conference by the US President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.
The local currency on Tuesday wiped off most of its early strong gains but eventually managed to end higher by three paise at 68.18 against the US dollar.
Among the Asian currencies, Japanese yen was down 0.233%, Thai baht 0.090%, Philippines peso 0.081%, China renminbi 0.051%, Indonesian rupiah
0.023%, However, Taiwan dollar was up 0.16%, China Offshore 0.141%, Singapore dollar 0.028% and South Korean won 0.018%.
The 10-year bond yield was trading at 6.411%, compared to Tuesday’s close of 6.398%. Bond yields and prices move in opposite directions.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.11 up 0.10% from its previous close of 102.01.
conference by the US President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.
The local currency on Tuesday wiped off most of its early strong gains but eventually managed to end higher by three paise at 68.18 against the US dollar.
Among the Asian currencies, Japanese yen was down 0.233%, Thai baht 0.090%, Philippines peso 0.081%, China renminbi 0.051%, Indonesian rupiah
0.023%, However, Taiwan dollar was up 0.16%, China Offshore 0.141%, Singapore dollar 0.028% and South Korean won 0.018%.
The 10-year bond yield was trading at 6.411%, compared to Tuesday’s close of 6.398%. Bond yields and prices move in opposite directions.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.11 up 0.10% from its previous close of 102.01.
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