Rupee trades flat at 69.19 a dollar

  • So far this year, the rupee has gained 0.7%
  • The 10-year bond yield was trading at 7.399%, down from its Friday's close of 7.406%

The Indian rupee on Monday was trading little changed against the US dollar, tracking mixed Asian currencies following a report that said the US has softened some of its demands for a trade deal with China.

At 9.15am, the rupee was trading at 69.19 a dollar, down 0.01% from its previous close of 69.18. The home currency opened at 69.11 a dollar.

The 10-year bond yield was trading at 7.399%, down from its Friday's close of 7.406%. Bond yields and prices move in opposite directions.

So far this year, the rupee has gained 0.7%, while foreign investors have bought $8.62 billion in equity and $340 million in debt market.

India's benchmark Sensex rose 0.10% to 38805.54 points. Year to date, it rose 7%.

Asian currencies were trading mixed. South Korean won was up 0.5%, Indonesian rupiah 0.37%. However, China renminbi was down 0.09%, Philippines peso 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.18, up 0.02% from its previous close of 97.177.

(Bloomberg contributed this story)

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