Friday, 29 September 2017

Rupee Opens Marginally Higher Against US Dollar

The rupee on Wednesday strengthened marginally against US dollar in the opening trade.

The home currency opened at 65.38 a dollar. At 9.15am, the rupee was trading at 65.36 a dollar, up 0.14% from its Tuesday’s close of 65.45.

The 10-year bond yield was at 6.67%, compared to its previous close of 6.669%. Bond yields and prices move in opposite directions. The benchmark Sensex index rose 0.31% or 97.57 points to 31,697.33. So far this year, it has risen over 19.89%.

So far this year, the rupee has gained 4.4%, while foreign institutional investors have bought $6.39 billion and $20.36 billion in equity and debt, respectively.

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