Indian rupee little changed against US dollar, Asian peers trade mixed1 min read . Updated: 15 Oct 2019, 09:19 AM IST
- The rupee opened at 71.24 against the US dollar
- Yield on the 10-year Indian government bond was at 6.482%
Mumbai: The Indian rupee on Tuesday was little changed against the US dollar, with other Asian currencies trading on a mixed note, as traders await developments on US-China trade deal.
In early deals today, the rupee traded at 71.23 a dollar, largely flat compared with Monday's close. The Indian unit had opened at 71.24 a dollar.
The yield on the 10-year Indian government bond was at 6.482% compared with its previous close of 6.483%.
In pre-opening today, the benchmark Sensex was up 0.29% or 110.75 points at 38325.22. So far this year, the index has gained 5.95%.
In the year so far, the rupee has weakened 2.04%, while foreign investors have bought nearly $7.42 billion in Indian equities and $4.01 billion in debt during the period.
Other Asian currencies traded mixed a day after progress in China-U.S. trade talks had spurred a “relief rally." Reports of a “Phase 1" of US-China trade last week had cheered markets but the dearth of details around the agreement has since curbed enthusiasm. The Taiwan dollar was up 0.12%, Japanese yen and South Korean won were up 0.08% each, Singapore dollar 0.05%. However, Thai Baht was down 0.13%, Philippines peso 0.07%, China renminbi 0.07%, China Offshore 0.06%.
The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 98.435, down 0.02% from its previous close of 98.454.
(Bloomberg contributed this story)