MUMBAI: Indian rupee on Friday closed stronger marginally tracking mixed Asian currencies following reports trade talks between US-China will go into a second day even after new US tariffs on Chinese goods are likely to take effect around midnight in New York.

The rupee ended at 69.91 a dollar, up 0.05% from its previous close of 69.95. The Indian currency opened at 70.06 a dollar.

Two nations will resume discussions Friday after a working dinner between Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the White House said. U.S. is set to increase tariffs on $200 billion of Chinese goods to 25% from 10%

The 10-year bond yield closed at 7.407% compared with Thursday's close of 7.375%.

The benchmark Sensex index fell 0.26% to 37462.99 points. Year to date, the index has risen 4.77%.

So far this year, the rupee is down 0.3%. During the period, foreign investors bought $10.17 billion in equity and sold $833.2 million in debt market.

Asian currencies were trading mixed. Thai Baht was up 0.42%, China renminbi 0.21%, South Korean won 0.12%, Singapore dollar 0.1%, Philippines peso 0.09%, Taiwan dollar 0.06%, China Offshore 0.05%. However, Japanese yen was down 0.15%, Indonesian rupiah and Malaysian ringgit were down 0.06% each.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.375, down 0.01% from its previous close of 97.373.

The US is set to increase tariffs on $200 billion of Chinese goods to 25% from 10%.

At 9.15am, the rupee traded at 69.99 a dollar, down 0.07% from its previous close of 69.95. The Indian currency opened at 70.06 a dollar.

The two nations would resume discussions on Friday after a working dinner involving Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the White House said.

The 10-year bond yield was at 7.407% compared with Thursday's close of 7.375%.

The benchmark Sensex index rose 0.35% to 37,692.05 points. Year to date, the index has risen 4.77%.

So far this year, the rupee is down 0.3%. During the period, foreign investors bought $10.17 billion in equity and sold $833.2 million in the debt market.

Asian currencies were trading mixed. The Thai baht was up 0.42%, China renminbi 0.21%, South Korean won 0.12%, Singapore dollar 0.1%, Philippines peso 0.09%, Taiwan dollar 0.06% and China Offshore 0.05%. However, the Japanese yen was down 0.15% and Indonesian rupiah and Malaysian ringgit were down 0.06% each.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.375, down 0.01% from its previous close of 97.373.

(Bloomberg contributed to this story)

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