Mumbai: The Indian rupee on Friday was trading little changed against the US dollar, tracking the flat local equity markets.
At 2pm, the home currency was trading at 66.69 per dollar, down 0.03% from its previous close of 66.67. The rupee opened at 66.70 per dollar and touched a high and low of 66.62 and 66.73, respectively.
India’s benchmark Sensex index fell 0.09% or 30.52 points to 28,742.61. So far this year, it has gained 10.17%.
The 10-year bond yield stood at 6.794%, a level last seen on 10 June 2009, compared to its Thursday’s close of 6.81%. Bond yields and prices move in opposite directions.
The rupee is down 1% till date this year, while foreign institutional investors have bought $6.76 billion in equity and sold $617.80 million in debt markets.
Asian currencies were trading lower. Philippines peso was down 0.55%, Malaysian ringgit 0.24%, Thai baht 0.2%, Singapore dollar 0.2%, Japanese yen 0.13%, China renminbi 0.08% and Indonesian rupiah 0.05%. However, Taiwan dollar was up 0.12% and South Korean won 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.522, up 0.08% from its previous close of 95.448.