Rupee closes at six-week high against US dollar
Mumbai: Indian rupee closed at fresh six-week high against the US dollar ahead of the US jobs data due later on Friday.
The home currency closed at 64.55 against the dollar, up 0.1% from its Thursday’s close of 64.61. The rupee opened at 64.58 a dollar and touched a high and a low of 64.53 and 64.64, respectively.
The 30-share Sensex rose 0.33%, or 112.34 points, to 33,685.56. So far this year, the Sensex has gained 26.19%.
The 10-year bond yield closed at 6.867% compared to its previous close of 6.861%. Bond yields and prices move in opposite directions.
So far this year, the rupee has gained 5.13%, while foreign institutional investors have bought $5.96 billion and $22.77 billion in equity and debt, respectively.
Asian currencies were trading lower. China renminbi was down 0.28%, China offshore 0.26%, Singapore dollar 0.20%, Malaysian ringgit 0.14%, Thai baht 0.11%, Japanese yen 0.05%. However, Philippines peso was up 0.44%, Indonesian rupiah 0.4%, South Korean won 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.784, up 0.11% from its previous close of 94.685.