Rupee edges higher against US dollar1 min read . Updated: 26 Mar 2019, 09:52 AM IST
- So far this year, the rupee has gained 1.30% against the US dollar
- Foreign investors have bought $6.32 billion in equity and $455 million in debt market.
Indian rupee on Tuesday was trading marginally higher against US dollar, tracking gains in Asian currencies market. At 9.08 am, the rupee was trading at 68.88 a dollar, up 0.05% from its previous close of 68.94. The home currency opened at 68.90 a dollar
The 10-year bond yield was trading at 7.322%, as compared to its Monday's close of 7.324%. Bond yields and prices move in opposite directions.
So far this year, the rupee has gained 1.30% against the US dollar, while foreign investors have bought $6.32 billion in equity and $455.10 million in debt market.
India's benchmark index Sensex rose 0.10% to 37846.07 points in pre-open trade. Year to date, it is up 4.83%.
Asian currencies were trading higher. South Korean won was up 0.23%, Indonesian rupiah 0.11%, Philippines peso 0.1%, China Offshore 0.06%, Malaysian ringgit 0.05%. However, Thai Baht was down 0.12% and Japanese yen 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.518, down 0.05% from its previous close of 96.566.
(Bloomberg contributed this story)