Rupee closes marginally weaker against dollar
The unit had opened at 60.085 per dollar and traded in a range of 60.08-60.125 during the day
Mumbai: The rupee closed down 0.05% to 60.1375 per dollar on Monday, from its previous close of 60.105, tracking cues from other Asian currencies. The unit had opened at 60.085 per dollar and traded in a range of 60.08-60.165 during the day.
Since the beginning of this year, the rupee has gained 2.76%, while foreign institutional investors have bought $12.11 billion from local equity markets. India’s equity benchmark Sensex index was closed at 25,991.23 points on BSE, down 0.52%.
Indonesian Rupiah lost 0.078%, Malaysian Ringgit gained 0.009%, Thai Baht gained 0.116% and Philippines Peso lost 0.185%.
The yield on India’s 10-year benchmark bond closed up at 8.435% from its previous close of 8.674%. Bond yields and prices move in opposite directions.
The dollar index, which measures the US currency’s strength against major currencies, was trading down at 81.015, from its previous close of 81.029.
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