Indian rupee today weakened, tracking losses in other Asian currencies as dollar gained after stronger-than-expected US jobs data. At 9.08 am, the rupee was trading at 71.67 a dollar, down 0.59% from its previous close of 71.26. The home currency opened at 71.54 a dollar.

US hiring in January topped all forecasts while wage gains cooled and the government shutdown pushed up the unemployment rate.

So far this year, the rupee has declined 2.08%, while foreign investors have sold $75.4 million and $367.20 million in the equity and debt markets respectively.

Bond yields gained further after higher-than-expected borrowing program announced by the government in the interim budget. The government announced record borrowing plan at 7.04 trillion for fiscal year 2020, higher than 6.4 trillion according to Bloomberg estimates, to meet the expenditure targets.

The 10-year bond yield was trading at 7.4% from its Friday's close of 7.375%. Bond yields and prices move in opposite directions.

Other Asian currencies were trading lower. China renminbi was down 0.68%, China Offshore 0.3%, Taiwan dollar 0.23%, South Korean won 0.23%, Singapore dollar 0.2%, Philippines peso 0.18%, Indonesian rupiah 0.13%, Thai Baht 0.08%, and Japanese yen 0.06%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.636, up 0.06% from its previous close of 95.579.

(Bloomberg contributed this story)