Rupee hits nearly three-month high against US dollar in opening trade
The Indian rupee hit nearly a three-month high in the opening trade against the US dollar ahead of the US jobs data due later on Friday. The rupee gained for the eight consecutive sessions, and this was the longest gaining streak since June 2011.
The local currency opened at 67.34 a dollar and touched a low of 67.32—a level last seen on 11 November 2016. At 9.15am, the home currency was trading at 67.35—up 0.03% from its previous close of 67.38.
India’s benchmark Sensex index rose 0.12% or 39.95 points to 28,266.56. So far this year, Sensex has risen 6%
Asian currencies were trading lower. Philippines peso was down 0.24%, China offshore 0.13%, Singapore dollar 0.1%, Thai baht 0.06%, Indonesian rupiah 0.06%, Malaysian ringgit 0.05%. However, Taiwan dollar was up 0.31%, China renminbi 0.22%, Japanese yen 0.11%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.818—up 0.03% from its previous close of 99.79.
The local currency opened at 67.34 a dollar and touched a low of 67.32—a level last seen on 11 November 2016. At 9.15am, the home currency was trading at 67.35—up 0.03% from its previous close of 67.38.
India’s benchmark Sensex index rose 0.12% or 39.95 points to 28,266.56. So far this year, Sensex has risen 6%
Asian currencies were trading lower. Philippines peso was down 0.24%, China offshore 0.13%, Singapore dollar 0.1%, Thai baht 0.06%, Indonesian rupiah 0.06%, Malaysian ringgit 0.05%. However, Taiwan dollar was up 0.31%, China renminbi 0.22%, Japanese yen 0.11%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.818—up 0.03% from its previous close of 99.79.
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