Rupee trades marginally higher against US dollar in market
The Indian rupee on Wednesday was trading marginally higher against the US dollar in the opening trade.
The home currency opened at 68.28 against the dollar. At 9.15am, the rupee was trading at 68.24 per dollar—up 0.12% from its previous close of 68.33. Since 1 April 2016 till date, rupee has fallen 2.9%.
India’s benchmark Sensex index was trading at 26,658.73 points—up 0.06% or 15.49 points from its previous close. Since 1 April till date, Sensex has gained 5%.
The 10-year bond yield was trading at 6.412%, compared to Tuesday’s close of 6.445%. Bond yields and prices move in opposite directions.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.32, up 0.11% from its previous close of 103.21.
The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the dollar at 68.0864 and euro at 71.3818. In cross-currency trade, the rupee was flat against the pound sterling at 83.89 and against the euro at 71.466.
The home currency opened at 68.28 against the dollar. At 9.15am, the rupee was trading at 68.24 per dollar—up 0.12% from its previous close of 68.33. Since 1 April 2016 till date, rupee has fallen 2.9%.
India’s benchmark Sensex index was trading at 26,658.73 points—up 0.06% or 15.49 points from its previous close. Since 1 April till date, Sensex has gained 5%.
The 10-year bond yield was trading at 6.412%, compared to Tuesday’s close of 6.445%. Bond yields and prices move in opposite directions.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.32, up 0.11% from its previous close of 103.21.
The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the dollar at 68.0864 and euro at 71.3818. In cross-currency trade, the rupee was flat against the pound sterling at 83.89 and against the euro at 71.466.
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