Today Rupee opens higher against US dollar on Asian cues
The Indian rupee on Tuesday strengthened against the US dollar tracking the gains in the Asian currencies markets.
The home currency opened at 68.08 against the dollar. At 9.15am, the rupee was trading at 68.09 per dollar, up 0.2% from its previous close of 68.23. Since 1 April, 2016, to date, rupee has fallen 2.4%.
Most of the currencies were trading higher after a key indicator of China’s private manufacturing showed the sector was robust.
China’s Caixin Manufacturing Purchasing Managers’ index (PMI) rose 51.9, compared to 50.9 in November and beating forecasts for 50.7, on the back of increased demand, Reuters reported.
India’s benchmark Sensex index was trading at 26,658.83 points, up 0.24% or 63.38 points from its previous close. Since 1 April till date, Sensex gained 5%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.7, down 0.05% from its previous close of 102.78.
The home currency opened at 68.08 against the dollar. At 9.15am, the rupee was trading at 68.09 per dollar, up 0.2% from its previous close of 68.23. Since 1 April, 2016, to date, rupee has fallen 2.4%.
Most of the currencies were trading higher after a key indicator of China’s private manufacturing showed the sector was robust.
China’s Caixin Manufacturing Purchasing Managers’ index (PMI) rose 51.9, compared to 50.9 in November and beating forecasts for 50.7, on the back of increased demand, Reuters reported.
India’s benchmark Sensex index was trading at 26,658.83 points, up 0.24% or 63.38 points from its previous close. Since 1 April till date, Sensex gained 5%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.7, down 0.05% from its previous close of 102.78.
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