Rupee weakens against US dollar today1 min read . Updated: 23 Jan 2020, 03:43 PM IST
- 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.