Rupee opens marginally lower against US dollar1 min read . Updated: 01 Mar 2019, 09:18 AM IST
- Most other Asian currencies are down against the US dollar today
- So far this year, the rupee is down about 1.5% against the US dollar
Mumbai: Indian rupee on Friday opened marginally lower against US dollar, tracking losses in other Asian currenciest. At 9.10 am, the home currency was trading at 70.80 a dollar, down 0.08% from its previous close of 70.75. The rupee opened at 70.77 and touched a high and a low of 70.71 and 70.82 respectively.
The 10-year bond yield was trading at 7.407%, as compared to its Thursday's close of 7.409%. Bond yields and prices move in opposite directions.
So far this year, the rupee has declined 1.5% against the US dollar, while foreign investors have bought $2.17 billion in equity and sold $1.18 billion in debt market.
India's benchmark index Sensex rose 0.4% to 36,009 in pre-opening trade. Year to date, it is down 0.45%.
Most Asian currencies were trading lower after better-than-expected data on Chinese manufacturing and U.S. economic growth. Indonesian rupiah was down 0.34%, Japanese yen 0.28%, Philippines peso 0.16%, Malaysian ringgit 0.15%, China renminbi 0.07%, Thai Baht 0.06%, South Korean won 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.25, up 0.1% from its previous close of 96.157.
(With Agency Inputs)