Rupee closes stronger against US dollar
Mumbai: The Indian rupee on Tuesday closed stronger against the US dollar tracking gains in Asian currencies market.
The rupee closed at 64.74 a dollar, up 0.27% from its Monday’s close of 64.88. The rupee opened at 64.83 a dollar and touched a high and a low of 64.70 and 64.89 respectively.
The 10-year bond yield closed at 6.549%, compared to its previous close of 6.564%. Bond yields and prices move in opposite directions.
The benchmark Sensex index fell 0.04% or 11.83 points to 31,209.79. So far this year, it has risen 17.20%.
So far this year, the rupee has gained 5%, while foreign investors bought $8.51 billion and $14.62 billion in local equity and debt markets, respectively.
Asian currencies were trading higher. Philippines peso was up 0.32%, Japanese yen 0.19%, Hong Kong and Malaysian ringgit were up 0.06% each. However, South Korean won was down 0.33%, Taiwan dollar 0.21%, China Offshore 0.14%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.276, up 0.07% from its previous close of 96.218.
North Korea test-fired a ballistic missile Tuesday morning, further escalating tensions over its weapons programmes ahead of a meeting between the leaders of the US and China this week in Germany.