BackRupee opens slightly lower against US dollar
So far this year, the rupee is flat against the US dollarForeign investors have bought $8.43 billion in equity and $1.06 billion in debt market
PremiumIndian rupee on Thursday opened little changed against US dollar as traders continued to watch for progress in US and China trade talks. At 9.15 am, the rupee was trading at 69.18 a dollar, down 0.09% from its previous close of 69.12. The home currency opened at 69.21 a dollar.
The 10-year bond yield was trading at 7.375% , from its Wednesday's close of 7.367%. Bond yields and prices move in opposite directions.
So far this year, the rupee has gained 0.7%, while foreign investors have bought $8.43 billion in equity and $1.06 billion in debt market.
India's benchmark index Sensex rose 0.22% to 38,667 points in pre-open trade. Year to date, it is up 7%.
Asian currencies were trading lower. Malaysian ringgit was down 0.28%, South Korean won 0.17%, Singapore dollar 0.13%, Thai Baht 0.12%, Hong Kong dollar 0.1%, Taiwan dollar 0.06%, Japanese yen 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.934, down 0.01% from its previous close of 96.946.
(Bloomberg contributed this story)
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