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Year to date, the rupee has gained 0.15%. Photo: Mint
Year to date, the rupee has gained 0.15%. Photo: Mint

Rupee weakens against US dollar today

  • At 2 pm, Rupee was trading at 71.27 a dollar
  • Yield on the 10-year government bond was at 6.623% compared with its previous close of 6.639%

The Indian rupee weakened against the US dollar on Thursday tracking the losses in Asian currencies.

At 2 pm, Rupee was trading at 71.27 a dollar, down 0.10% from Wednesday's close of 71.20. The Indian unit had opened at 71.22.

Yield on the 10-year government bond was at 6.623% compared with its previous close of 6.639%.

Benchmark index, Sensex gained 0.54% or 232.68 points at 41,348.06 points in pre-opening trade. Year to date, the index gained 0.22%.

Year to date, the rupee has gained 0.15%, while foreign investors have bought nearly $1.94 billion in Indian equities and sold $1.72 billion in debt.

Asian currencies traded lower. China renminbi lost 0.40%, South Korean won 0.36%, Thai Baht 0.31%, China offshore 0.26%, Taiwan dollar 0.21%, Philippines peso 0.15%, Malaysian ringgit 0.086%, Singapore dollar 0.037% and Hong Kong dollar 0.018%. However, Japanese yen was up 0.292% and Indonesian rupiah rose 0.59%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.546, up 0.02% from its previous close of 97.527.

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