Rupee closes higher against US dollar
The rupee closed at 67.08 a dollar, up 0.09% from its Monday’s close of 67.14
Mumbai: The Indian rupee strengthened against the US dollar on Tuesday, tracking gains in Asian currencies.
The home currency closed at 67.08 a dollar, up 0.09% from its Monday’s close of 67.14. It opened at 67.17 a dollar and touched a high and a low of 66.99 and 67.28, respectively.
The benchmark Sensex rose 0.02%, or 8.18 points, to close at 35,216.32.
The 10-year bond yield stood at 7.582% compared to its previous close of 7.622%. Bond yields and prices move in opposite directions.
So far this year, the rupee has lost 4.79%, while foreign institutional investors have bought $880 million in equity and sold $2.1 billion in debt.
Asian currencies were trading higher. South Korean won 0.133%, Japanese yen gained 0.110%, Philippines peso 0.002% and Hong Kong dollar 0.001%. However, Indonesian rupiah was down 0.363%, Malaysian ringgit 0.127%, Thai baht 0.169%, Taiwan dollar 0.044% and China renminbi 0.014%,
The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.109, up 0.39%, from its previous close of 92.749.
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