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Business News/ Market / Stock-market-news/  Rupee closes up 0.19% against US dollar
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Rupee closes up 0.19% against US dollar

The rupee closed at 66.49 per dollar, up 0.19% from its previous close of 66.61

The benchmark 10-year government bond yield closed at 6.793%, compared with Monday’s close of 6.789%. Photo: Pradeep Gaur/ MintPremium
The benchmark 10-year government bond yield closed at 6.793%, compared with Monday’s close of 6.789%. Photo: Pradeep Gaur/ Mint

Mumbai: The rupee on Tuesday closed stronger for the fourth consecutive session to hit a near three-week high against the US dollar, on continued buying from foreign institutional investors in local and debt markets. Gains in Asian currencies market also helped the rupee.

The home currency closed at 66.49 per dollar, up 0.19% from its previous close of 66.61. The rupee opened at 66.50 and touched a high of 66.44 per dollar, a level last seen on 8 September. So far this year it fell 0.5%.

The benchmark 10-year government bond yield closed at 6.793%, compared with Monday’s close of 6.789%. Bond yields and prices move in opposite directions.

India’s benchmark Sensex fell 70.58 points, or 0.25%, to close at 28,223.70. So far this year, it has gained 8.06%.

Most Asian currencies closed higher as Democrat Hillary Clinton was seen as outperforming Republican Donald Trump in the first US presidential debate, improving risk sentiments.

The South Korean won was up 1%, Indonesian rupiah 0.66%, Taiwan dollar 0.65%, Malaysian ringgit 0.18%, Singapore dollar 0.1% and Thai baht 0.05%. However, the Philippines peso fell 0.15% and Japanese yen was down 0.06%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.33, up 0.04% from its previous close of 95.297.

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Published: 27 Sep 2016, 09:54 AM IST
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