The Indian rupee strengthened marginally today following a decline in crude oil prices and an overnight fall in the US dollar. At 9 am, the rupee traded at 69.84 to a dollar, up 0.27% from its previous close of 70.02. The Indian currency had opened at 69.82 a dollar.

The 10-year bond yield traded at 7.410%, compared with Friday's close of 7.411%. Markets were shut on Monday due to the Lok Sabha elections in Mumbai.

So far this year, the rupee has weakened 0.7% against the US currency. During the same period, foreign investors bought $9.87 billion in Indian equities and sold $9.5 million in debt market.

Most Asian currencies traded lower in early trade. South Korean won was down 0.44%, Indonesian rupiah eased 0.15%, China Offshore fell 0.08%, China renminbi was down 0.06%, Malaysian ringgit 0.06% lower, Taiwan dollar was down 0.04%. However, the Japanese yen was up 0.07%, while The Philippines peso rose 0.07%.

The dollar index, which measures the greenback’s strength against a basket of major currencies, was at 97.802, down 0.06% from its previous close of 97.857.

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