Rupee weakens against US dollar in opening trade | Indian Share Market

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Rupee weakens against US dollar in opening trade

At 9.15am, the rupee was trading at 64.67 against the dollar, down 0.20% from its Friday’s close of 64.55

The Indian rupee on Monday was trading weaker against the US dollar in opening trade.  The rupee opened at 64.66 a dollar. At 9.15am, the home currency was trading at 64.67 against the dollar, down 0.20% from its Friday’s close of 64.55.

The 30-share Sensex rose 0.10%, or 33.77 points, to 33,719.33. So far this year, the Sensex has gained 26.19%.

The 10-year bond yield was at 6.871% compared to its previous close of 6.858%. Bond yields and prices move in opposite directions.

So far this year, the rupee has gained 5.23%, while foreign institutional investors have bought $6.20 billion and $22.86 billion in equity and debt, respectively.

Asian currencies were trading lower. South Korean won was down 0.34%, Japanese yen 0.26%, Indonesian rupiah 0.21%, Philippines peso 0.20%, Malaysian ringgit 0.09% and Taiwan dollar 0.05%. However, Thai baht and China renminbi were up 0.05% each.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.69, up 0.01% from its previous close of 94.685.

Source: livemint.com

 

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