Rupee flat against US dollar amid mixed cues from Asian currencies1 min read . Updated: 16 Dec 2019, 09:18 AM IST
- 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)