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In the year so far, the rupee has weakened 1.69% against the US dollar, (Photo: Reuters)
In the year so far, the rupee has weakened 1.69% against the US dollar, (Photo: Reuters)

Rupee strengthens marginally amid mixed trade in other Asian currencies

  • Rupee closed at 70.97 against the US dollar compared with Tuesday's close of 70.98/$
  • The yield on the 10-year government bond closed at 6.71% compared with its previous close of 6.752%

Mumbai: The Indian Rupee on Wednesday strengthened marginally against the US dollar amid mixed trade in other Asian currencies as traders took a breather after the partial US-China trade deal sent global markets higher.

Rupee closed at 70.97 a dollar compared with Tuesday's close of 70.98. The Indian unit had opened 71.03 a dollar.

The yield on the 10-year government bond closed at 6.71% compared with its previous close of 6.752%.

In the year so far, the rupee has weakened 1.69%, while foreign investors have bought nearly $13.59 billion in Indian equities and $3.84 billion in debt.

Benchmark index, Sensex rose 0.50% or 206.40 points to close at 41588.57 points. Year to date, it has gained 15.22%.

Asian currencies closed mixed. Malaysian Ringgit gained 0.09%, Thai Baht 0.07%, Indonesian Rupiah 0.06%, China renminbi 0.006% and China Offshore 0.004%. However, South Korean won lost 0.22%, Taiwan Dollar 0.16%, Philippines Peso 0.08%, Singapore dollar 0.05%, Hong Kong Dollar 0.02% and Japanese yen 0.009%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.334, up 0.12% from its previous close of 97.222.

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