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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