At Todays Market Rupee trades flat against US dollar
The Indian rupee on Monday opened weaker but soon erased all the losses and was trading little changed against the US dollar.
The local currency opened at 67.08 a dollar. the home currency was trading at 67.04, down 0.03% from its previous close of 67.02. Traders are focusing on results of the upcoming state elections on 11 March.
India’s 10-year bond yield was at 6.863% compared to its Friday’s close of 6.852%. Bond yields and prices move in opposite directions. India’s benchmark Sensex index fell 0.07% or 18.81 points to 28,449.94. So far this year, Sensex has risen 7%.
Most Asian currencies were trading lower. Philippines peso was down 0.33%, Japanese yen fell 0.26%, Indonesian rupiah 0.17%, Malaysian ringgit 0.11% and Taiwan dollar fell 0.08%. However, China offshore rose 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.95, up 0.01% from its previous close of 100.94 .
The local currency opened at 67.08 a dollar. the home currency was trading at 67.04, down 0.03% from its previous close of 67.02. Traders are focusing on results of the upcoming state elections on 11 March.
India’s 10-year bond yield was at 6.863% compared to its Friday’s close of 6.852%. Bond yields and prices move in opposite directions. India’s benchmark Sensex index fell 0.07% or 18.81 points to 28,449.94. So far this year, Sensex has risen 7%.
Most Asian currencies were trading lower. Philippines peso was down 0.33%, Japanese yen fell 0.26%, Indonesian rupiah 0.17%, Malaysian ringgit 0.11% and Taiwan dollar fell 0.08%. However, China offshore rose 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.95, up 0.01% from its previous close of 100.94 .
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