Indian rupee today traded marginally lower against US dollar, tracking losses in Asian currencies ahead of high level US-China trade talks set to start in Washington on Wednesday. The rupee was trading at 71.19 a dollar, down 0.11% from its previous close of 71.11. The home currency opened at 71.13 a dollar. The 10-year bond yield was trading at 7.333%, as compared to its Monday's close of 7.332%. Bond yields and prices move in opposite directions.

So far this year, the rupee has declined 1.88%, while foreign investors have sold $446.40 million and $283 million in the equity and debt markets respectively.

Most of the other Asian currencies were trading lower against US dollar. Thai Baht was down 0.16%, South Korean won 0.16%, Indonesian rupiah 0.14%, Taiwan dollar 0.08%, China Offshore 0.05%, Singapore dollar 0.04%. However, Japanese yen was up 0.13%, Philippines peso 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.736, down 0.01% from its previous close of 95.746.

(Bloomberg contributed this story)

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