OPEN APP
Home >Markets >Commodities >Rupee weakens tracking equity markets
Asian currencies were trading higher. (Reuters)
Asian currencies were trading higher. (Reuters)

Rupee weakens tracking equity markets

  • At 2 pm, rupee was trading at 71.39 a dollar, down 0.05% from Friday's close of 71.36
  • The 10-year government bond yield was at 6.507% from its previous close of 6.506%

Indian rupee weakened against the US dollar on Monday tracking losses in local equity market.

At 2 pm, the domestic currency was trading at 71.39 a dollar, down 0.05% from Friday's close of 71.36. The Indian unit opened at 71.34 a dollar.

In the year so far, the rupee has weakened 2.27%. Foreign investors have bought nearly $14.37 billion in Indian equities and $3.69 billion in debt.

The 10-year government bond yield was at 6.507% from its previous close of 6.506%. Benchmark equity index Sensex was down 0.22% or 90.99 at 41,484.15.

Asian currencies were trading higher. Malaysian ringgit gained 0.44%, South Korean won 0.44%, Thai Baht fell 0.33%, Japanese Yen 0.24%, Singapore Dollar 0.23%, Indonesian Rupiah 0.19%, Taiwan Dollar 0.18%, China Offshore 0.16%, China renminbi 0.11% and Hong Kong dollar 0.014%. However, Philippines peso lost 0.06%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 96.786, down 0.14% from its previous close of 96.919.

(Bloomberg contributed to the story)

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My Reads Redeem a Gift Card Logout