(Reuters)
(Reuters)

Rupee opens higher

  • So far this year, the rupee has gained 0.7%
  • The 10-year bond yield was trading at 7.355% , from its Tuesday's close of 7.377%

MUMBAI: Supported by an overnight decline in crude oil prices and US Treasury yields, the rupee strengthened marginally against the US dollar today.

At 9.15am, the rupee was trading at 69.12 a dollar, up 0.26% from its previous close of 69.30. The home currency opened at 69.33 a dollar.

The 10-year bond yield was trading at 7.355% , from its Tuesday's close of 7.377%. Bond yields and prices move in opposite directions.

So far this year, the rupee has gained 0.7%, while foreign investors have bought $8.48 billion in equity and $444.10 million in debt market.

India's benchmark Sensex fell 0.13% to 38889.93 points. Year to date, it rose 7.3%.

Asian currencies were trading mixed. South Korean won was up 0.16%, Hong Kong 0.13%, Philippines peso 0.07%. However, Indonesian rupiah was down 0.19%, Malaysian ringgit 0.08%, Thai Baht 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.034, up 0.03% from its previous close of 97.01.

(Bloomberg contributed this story)

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