Rupee closes higher against US dollar
Mumbai: The rupee on Friday closed higher against the US dollar tracking the gains in Asian currencies.
Rupee closed at 64.08 a dollar, up 0.07% from its Thursday’s close of 64.13.The rupee opened at 64.16 a dollar.
North Korea fired a missile that flew over Japan’s northern Hokkaido far out into the Pacific Ocean, South Korean and Japanese officials said, further ratcheting up tensions after Pyongyang’s recent test of its most powerful nuclear bomb, Reuters reported.
The 10-year bond yield was at 6.597% compared to its previous close of 6.59%. Bond yields and prices move in opposite directions.
The benchmark Sensex index rose 0.10% or 30.68 points to 32,272.61. So far this year, it has risen over 21.21%.
So far this year, the rupee has gained 6%, while foreign institutional investors (FIIs) have bought $6.76 billion and $20.31 billion in equity and debt, respectively.
Asian currencies were trading higher. Malaysian ringgit was up 0.38%, Singapore dollar rose 0.21%, Taiwan dollar 0.19%, China renminbi 0.17%, Indonesian rupiah 0.08% and South Korean won 0.07 . However, Japanese yen fell 0.92%, Philippines peso 0.18, China offshore spot was down 0.07%, Thai baht down 0.048% and Hong Kong dollar lost 0.035%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.807, down 0.34% from its previous close of 92.124.