Thursday, 10 August 2017

Rupee Weakens Against US dollar in Opening Trade

The Indian rupee on Thursday weakened against the US dollar, tracking losses in the local equity and Asian currencies market.

The rupee opened at 63.92 a dollar. At 9.15am, the rupee was trading at 63.97 a dollar, down 0.20% from its Tuesday’s close of 63.84.

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The benchmark Sensex index fell 0.19% or 61.87 points to 31,735.97. So far this year, it has risen over 19.4%.

The 10-year bond yield was at 6.476%, compared to its previous close of 6.466%. Bond yields and prices move in opposite directions.

So far this year, the rupee gained 6.4%, while foreign institutional investors (FIIs) bought $8.98 billion and $18.83 billion in equity and debt markets, respectively.

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