BackRupee opens marginally lower against US dollar
At 9.10am, the home currency was trading at 73.63 a dollar, up 0.18% from its Wednesday's close of 73.61. The currency opened at 73.62 a dollar
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The Indian rupee on Friday opened marginally lower against the US dollar, tracking losses in local equity markets and Asian currencies. At 9.10am, the home currency was trading at 73.63 a dollar, up 0.18% from its Wednesday’s close of 73.61. The currency opened at 73.62 a dollar. Markets were closed on Thursday due to Dussehra. The 10-year gilt yield stood at 7.887% from its previous close of 7.912%. Bond yields and prices move in opposite directions.
Benchmark Sensex rose 0.11% or 36.53 points to 34,816.11 points. Year to date, it has risen 2.12%.
So far this year, the rupee has declined 13.23%, while foreign investors have sold $4.51 billion and $8.61 billion in the equity and debt markets, respectively.
Asian currencies declined amid broad global risk aversion and concern over the yuan’s continued weakness. Indonesian rupiah was down 0.18%, Japanese yen 0.16%, Malaysian ringgit 0.11%. However, Singapore dollar was up 0.18%, South Korean won 0.09%, Thai baht 0.06%, China offshore 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.954, up 0.06% from its previous close of 95.90.
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