Rupee falls marginally against US dollar1 min read . Updated: 29 Jan 2019, 09:16 AM IST
- The rupee today opened at 71.13 a dollar
- Most of the other Asian currencies were trading lower against US dollar
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)