Today Rupee weakens against US dollar on Asian cues
The Indian rupee on Tuesday weakened against the US dollar, snapping a nine-day rally, tracking losses in the Asian currencies markets.
Traders are cautious ahead of the Reserve Bank of India’s (RBI) bi-monthly monetary policy review meeting on Wednesday.
The rupee opened at 67.29 a dollar. 15At 9.am, the home currency was trading at 67.31—down 0.13% from its previous close of 67.22.
Asian currencies markets were trading lower. Taiwan dollar was down 0.39%, South Korean won 0.38%, Singapore dollar 0.36%, Malaysian ringgit 0.22%, China offshore spot 0.19%, Philippines peso 0.17%, Japanese yen 0.11%, China renminbi 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.05—up 0.14% from its previous close of 99.91.
Traders are cautious ahead of the Reserve Bank of India’s (RBI) bi-monthly monetary policy review meeting on Wednesday.
The rupee opened at 67.29 a dollar. 15At 9.am, the home currency was trading at 67.31—down 0.13% from its previous close of 67.22.
Asian currencies markets were trading lower. Taiwan dollar was down 0.39%, South Korean won 0.38%, Singapore dollar 0.36%, Malaysian ringgit 0.22%, China offshore spot 0.19%, Philippines peso 0.17%, Japanese yen 0.11%, China renminbi 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.05—up 0.14% from its previous close of 99.91.
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