Home / Markets / Commodities /  Rupee opens flat at 71.14 per dollar

Indian rupee on Monday was little changed tracking Asian currencies which were steady amid year-end holidays. Traders focus on the US-China trade agreement as the two countries plan to sign the first-phase of a deal next month.

At 9.10am, the domestic currency was trading at 71.15 a dollar, down 0.04% from Friday's close of 71.12. The Indian unit had opened at 71.14 a dollar.

In the year so far, the rupee has weakened 1.69%, while foreign investors have bought nearly $13.97 billion in Indian equities and $3.70 billion in debt.

The 10-year government bond yield was trading at 6.588% from its previous close of 6.602%. In pre-opening trade, the benchmark equity index Sensex rose 0.11% or 47.55 points to 41729.09 points. Year to date, it has gained 15.56%.

Asian currencies were steady. Philippines peso was down 0.12%, Singapore dollar 0.09%, China renminbi 0.08%, Malaysian ringgit 0.08%, and South Korean won 0.05%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.658, down 0.03% from its previous close of 97.69.

(Bloomberg contributed this story)

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