Rupee opens marginally higher

  • The 10-year bond yield was trading at 7.322% from its Thursday's close of 7.323%.
  • So far this year, the rupee has gained 0.6%

The Indian rupee on Friday strengthened marginally against the US dollar, tracking gains in Asian currencies and optimism about a US-China trade deal.

At 9.15am, the rupee was trading at 69.18 a dollar, up 0.17% from its previous close of 69.34. The home currency opened at 69.19 a dollar.

The 10-year bond yield was trading at 7.322% from its Thursday's close of 7.323%. Bond yields and prices move in opposite directions.

So far this year, the rupee has gained 0.6%, while foreign investors have bought $6.55 billion in equity and $705.10 million in debt market.

India's benchmark Sensex rose 0.35% to 38681.77 points. Year to date, it rose 6.87%.

Asian currencies were trading higher. Philippines peso was up 0.24%, China Renminbi 0.22%, Thai Baht 0.18%, Taiwan dollar 0.12%, China Offshore 0.09%, South Korean won 0.07%, Indonesian rupiah and Singapore dollar were up 0.06% each.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.207, up 0.01% from its previous close of 97.202.

(Bloomberg contributed this story)

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