Thursday 16 November 2017

Rupee opens Marginally lower Against US Dollar

The Indian rupee on Thursday weakened marginally against the US dollar in the opening trade.

The rupee opened at 65.26 a dollar. At 9.15am, the home currency was trading at 65.31 against the dollar, down 0.16% from its Wednesday’s close of 65.21.

The 10-year bond yield was at 7.010% compared to its previous close of 7.017%. Bond yields and prices move in opposite directions.

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The benchmark Sensex index rose 0.16%, or 54.02 points, to 32,814.46 points. So far this year, it has gained 24%.

So far this year, the rupee has gained 4.16%, while foreign institutional investors have bought $7.69 billion and $22.37 billion in equity and debt, respectively.

Asian currencies were trading mixed. China renminbi was down 0.18%, Malaysian ringgit 0.10%, Japanese yen and China offshore were down 0.08% each. However, South Korean won was up 0.63%, Taiwan dollar 0.11% and Philippines peso 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.872, up 0.06% from its previous close of 93.813.


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