Mumbai: The rupee on Thursday closed two week higher against the US dollar tracking its Asian peers ahead of the start of the central bankers’ meeting in Jackson Hole

The rupee closed at 64.03 a dollar—a level last seen on 9 August, up 0.13% from its Wednesday’s close of 64.11. The rupee opened at 64.03 a dollar and touched a high and a low of 64.03 and 64.09 respectively.

Markets will remain closed on Friday on account of Ganesh Chaturthi, ahead of the weekend.

Traders are also 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.

Expectations for meaningful comments from the key speakers at Jackson Hole—Federal Reserve Chair Yellen and European Central Bank President Mario Draghi —seem fairly low, but amid lackluster August trading the event is significant enough to capture the focus of most investors. If nothing else, it’s a welcome distraction from US politics, Bloomberg reported.

The benchmark Sensex index rose 0.09% or 28.05 points to closed at 31,596.06. So far this year, it has risen over 18%.

The 10-year bond yield ended at 6.537%, compared to its previous close of 6.538%. Bond yields and prices move in opposite directions.

So far this year, the rupee gained 6%, while foreign institutional investors (FIIs) bought $7.26 billion and $19.47 billion in equity and debt markets, respectively.

Asian currencies were trading higher. South Korean won was up 0.35%, Philippines peso 0.32%, China offshore 0.09%, Indonesian rupiah 0.04%, Singapore dollar 0.04% and Taiwan dollar 0.04%. However, Japanese yen was down 0.12%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.28, up 0.14% from its previous close of 93.147.

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