Mumbai: The rupee on Wednesday closed little changed against the US dollar, as traders avoided long positions ahead of a meeting of central bankers later this week.

The rupee closed at 64.11 a dollar, down 0.01% from its Tuesday’s close of 64.11. The rupee opened at 64.05 a dollar.

Traders are cautious ahead of the speeches from US Federal Reserve chair Janet Yellen and European Central Bank (ECB) president Mario Draghi at the Jackson Hole Symposium on 25 August and 26 August, respectively.

The benchmark Sensex index rose 0.88% or 276.16 points to closed at 31,568.01. So far this year, it has risen over 19%.

The 10-year bond yield closed at 6.538%, compared to its previous close of 6.535%. Bond yields and prices move in opposite directions.

So far this year, the rupee gained 6%, while foreign institutional investors (FIIs) bought $7.37 billion and $19.29 billion in equity and debt markets, respectively.

Asian currencies were trading mixed. South Korean won was up 0.17%, Japanese yen 0.16%, Taiwan dollar 0.05%. However, Thai Baht was down 0.39%, Indonesian rupiah 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.411, down 0.15% from its previous close of 93.545.

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