Rupee trades marginally lower against the US dollar1 min read . Updated: 23 Jul 2019, 09:19 AM IST
- The home currency opened at 68.98 a dollar
- The yield on the 10-year government bond was at 6.422%
Mumbai: Indian rupee on Tuesday weakened marginally against the US dollar tracking losses in its local equities and Asian peers.
The home currency opened at 68.98 a dollar. At 9.15 am, the currency was trading at 69.02, down 0.12% from its previous close of 68.92.
The yield on the 10-year government bond was at 6.422% compared with Monday's close of 6.418%.
In pre-trade, the benchmark Sensex was down 0.12% at 38077.16 points. So far this year, the index has risen 5.44%.
The rupee has risen 1.24% against the greenback in the year so far, while foreign investors bought $10.14 billion in Indian equities and $2.63 billion in the debt market during the period.
Asian currencies were trading lower as Treasury yields rose after President Donald Trump announced a bipartisan deal to suspend the US debt ceiling. Thai Baht was down 0.21%, Indonesian rupiah 0.19%, Japanese yen 0.16%, Philippines peso 0.15%, Malaysian ringgit 0.13%, Singapore dollar 0.13%.
The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.39, up 0.14% from its previous close of 97.257.
(Bloomberg contributed to this story)