OPEN APP
Home >Markets >Stock Markets >Rupee flat against US dollar amid mixed cues from Asian currencies
In the year so far, the rupee has weakened 1.5%. (Photo: iStock)
In the year so far, the rupee has weakened 1.5%. (Photo: iStock)

Rupee flat against US dollar amid mixed cues from Asian currencies

  • Rupee opened higher for ninth consecutive session at 70.76 a dollar
  • Asian currencies were mixed as the euphoria caused by the phase-one of the US-China trade deal subsided

Mumbai: Indian rupee was trading little changed against the US dollar on Monday amid mixed cues from Asian currencies.

At 9.10 am, the home currency was trading at 70.80 a dollar, up 0.01% from Friday's close of 70.82. The Indian unit had opened 70.76 a dollar. This is the ninth consecutive session when the rupee is trading higher

In the year so far, the rupee has weakened 1.5%, while foreign investors have bought nearly $13.28 billion in Indian equities and $4.10 billion in debt.

The 10-year bond yield was trading at 6.772% from its previous close of 6.79%. At pre-open, the benchmark Sensex was up 0.49% or 201.19 points to 41210.90 points. Year to date, it has gained 13.70%.

Asian currencies were mixed as the euphoria caused by the phase-one of the US-China trade deal subsided and caution set in ahead of the signing of the agreement in January.

Taiwan dollar was up 0.44%, China Offshore 0.31%, and Hong Kong dollar 0.07%. Malaysian ringgit was down 0.13%, Singapore dollar 0.1%, and China Renminbi 0.07%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.074, down 0.10% from its previous close of 97.172.

(Bloomberg contributed this 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