Rupee weakens to 66.88 against US dollar
Rupee weakenes marginally against the US dollar, tracking fall in the local equity markets
Mumbai: The Indian rupee on Tuesday weakened marginally against the US dollar, tracking fall in the local equity markets.
At 2pm, the rupee was trading at 66.88 against the US dollar, down 0.04% from its previous close of 66.85. The home currency opened at 66.93. So far this year, it fell 1.15%.
India’s benchmark Sensex index was trading at 28,061.89 points, down 0.42% or 117.19 points from its previous close. So far this year, it has gained 7.5%.
So far this year, foreign institutional investors (FIIs) have sold $752.80 million in debt and bought $7.42 billion in equity.
The benchmark 10-year government bond yield was trading unchanged from its Monday close of 6.76%. Bond yields and prices move in opposite directions.
Most Asian currencies gained. Thai baht was up 0.22%, Taiwan dollar 0.17%, Malaysian ringgit 0.12%, Singapore dollar 0.12% and Indonesian rupiah 0.06%. However, Japanese yen was down 0.24% and South Korean won fell 0.2%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 98.727, down 0.02% from its previous close of 98.756.
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