Rupee 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
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.
Editor's Picks »
- Future Retail’s Q2 result shows improvement in same-store sales
- Private insurance firms grow at the expense of LIC stuck with a sick bank
- Page Industries’s lofty valuations get a reality check in Q2
- Q2 results: Grasim’s Vodafone Idea stake is proving costly
- How Vodafone Idea’s $3.5 bn fundraising will impact telecom in India