Rupee closes higher against US dollar
The rupee ended at 67.83 against US dollar, up 0.24% from its previous close of 67.99
Mumbai: The Indian rupee closed stronger against the US dollar for the third straight session on Friday after local equity markets gained over 250 points.
The rupee ended at 67.83 against US dollar, up 0.24% from its previous close of 67.99. The home currency opened at 67.85 a dollar and touched a high and a low of 67.71 and 67.88 respectively.
So far this year, the rupee has weakened 6.1%, while foreign investors have sold $1.15 billion and $5.64 billion in equity and debt markets respectively.
The 10-year bond yield closed at 7.82%, from its Thursday’s close of 7.774%. Bond yields and prices move in opposite directions.
Benchmark Sensex Index rose 0.73% or 257.21 points to 35,689.60. Since January, it has gained 4.6%.
Asian currencies were trading mixed. South Korean won was up 0.33%, Philippines peso 0.13%, Malaysian ringgit 0.06%, Japanese yen 0.03%. However, China renminbi was down 0.17%, China offshore 0.14%, Thai baht 0.09%, Indonesian rupiah 0.04%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.781, down 0.09% from its previous close of 94.862.
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