Rupee closes marginally higher against US dollar
Mumbai: The Indian rupee closed marginally higher against US dollar on Monday, tracking gains in Asian currencies market.
The rupee ended at 65.11, up 0.09% from its previous close of 65.17. The home currency opened at 65.05 and touched a high and a low of 64.93 and 65.14, respectively.
Yields on 10-year government bonds ended at 7.776% compared to Wednesday’s close of 7.741%. Bond yields and prices move in opposite directions.
Markets were closed on Friday due to Holi.
India’s benchmark Sensex index fell 0.88% or 300.16 points to 33,746.78. So far this year, Sensex has fallen 0.03%.
Year to date, the rupee weakened 1.8%, while foreign investors have bought $107.90 million and $1.05 billion in equity and debt markets, respectively.
Asian currencies were trading higher as dollar remained under pressure on the hopes of global trade war after US president Donald Trump planned trade tariffs.
Japanese yen was up 0.14%, China renminbi 0.09%, China Offshore 0.06%, Singapore dollar 0.06%, Thai baht 0.06%. However, South Korean won was down 0.14%, Taiwan dollar 0.11%, Philippines peso 0.09%, Malaysian ringgit 0.07%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 90.01, up 0.08% from its previous close of 89.935.