(Reuters)
(Reuters)

Rupee strengthens further against the greenback

  • The 10-year bond yield was at 6.808% from its Monday close of 6.931%
  • Rupee closed at 69.69 a dollar, up 0.3% from its previous close of 69.9

Mumbai: The Indian rupee strengthened against the US dollar on Tuesday, tracking gains in other Asian currencies.

Rupee closed at 69.69 a dollar, up 0.3% from its previous close of 69.9. The currency opened at 69.82 a dollar, touching a high of 69.63 and a low of 69.87.

The 10-year bond yield was at 6.808% from its Monday close of 6.931%. Bond yields and prices move in opposite directions.

Benchmark equity index, Sensex, gained 0.22% or 85.55 points to close at 39,046.34 points in afternoon trade. Since January, it has gained 8.26%.

So far this year, rupee has gained 0.12%. Foreign investors have bought $11.24 billion and $1.24 billion in equity and debt markets, respectively.

Most Asian currencies were trading higher. Philippines Peso was up 0.256%, Japanese Yen rose 0.240%, Thai Baht up 0.070%, South Korean Won rose 0.060% and Indonesian Rupiah climbed 0.056%. However, Malaysian Ringgit lost 0.115%, China Offshore fell 0.094%, Singapore Dollar lost 0.022%, Taiwan Dollar eased 0.013%, China renminbi lost 0.009% and Hong Kong Dollar down 0.001%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.686, up 0.13% from its previous close of 97.558.

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