Rupee ends higher against US dollar
Rupee closed at 72.49 a dollar, up 0.15% from its previous close of 72.60.
Mumbai: The rupee on Friday strengthened against the US dollar, tracking gains from Asian currency markets. Rupee closed at 72.49 a dollar, up 0.15% from its previous close of 72.60. The currency opened at 72.52 a dollar, touching a high 72.40 and a low 72.66.
The 10-year gilt yield stood at 8.024%, down from its Thursday’s close of 8.027%. Bond yields and prices move in opposite directions.
The benchmark index, Sensex, lost 0.27% or 97.03 points to close at 36227.14 points. Since January, it has gained 6.37%.
So far this year, the rupee has weakened 11.33% and is the worst performer among Asian currencies. Foreign investors have sold $1.92 billion and $9.42 billion in equity and debt markets, respectively, since January.
Asian currencies were trading higher. South Korean won gained 0.306%, Philippine peso 0.217%, Thai baht 0.189%, China Offshore 0.151%, Taiwan dollar 0.141%, Indonesian rupiah 0.134%, China renminbi 0.108% and Malaysian ringgit 0.068%. However, Hong Kong dollar lost 0.1%, Japanese yen 0.053% and Singapore dollar 0.015%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.323, up 0.45% from its previous close of 94.894.