Rupee closes unchanged against US dollar
Mumbai: The Indian rupee on Monday erased all the gains and closed unchanged against the US dollar from its previous close
The rupee closed at 64.43 a dollar, unchanged from its Friday’s close of 64.43. The rupee opened at 64.40 a dollar and touched a high and a low of 64.32 and 64.42 respectively.
The 10-year bond yield closed at 6.467% compared to its previous close of 6.489%. Bond yields and prices move in opposite directions.
The benchmark Sensex index rose 0.82% or 255.17 points to closed at 31,311.57. So far this year, it has risen 17%.
So far this year, the rupee has gained 5.25%, while foreign investors bought $8.34 billion and $13.44 billion in local equity and debt markets, respectively.
Asian currencies were trading mixed as markets geared up ahead of Brexit negotiations between the UK and the European Union, and as French president Emmanuel Macron’s party won a parliamentary majority at the weekend.
South Korean won was up 0.14%, Indonesian rupiah 0.13%. However, Japanese yen was down 0.19%, China Offshore 0.11%, China renminbi 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.072,down 0.09% from its previous close of 97.164.