Rupee trades flat against US dollar

Mumbai: Indian rupee on Monday was trading little changed against the US dollar ahead of key macroeconomic data due on 12 October.

At 2.05pm, the home currency was trading at 65.36 against the dollar, up 0.02% from its Friday’s close of 65.37. The rupee opened at 65.40 a dollar.

The government will issue Index of Industrial Production and Consumer Price Index-based inflation data for August and September, respectively on 12 October.

The BSE benchmark index rose 0.22%, or 70.35 points, to 31,884.57. So far this year, the Sensex has gained over 19.5%.

The 10-year bond yield was at 6.758%, compared to its previous close of 6.757%. Bond yields and prices move in opposite directions.

So far this year, the rupee has gained 4%, while foreign institutional investors have bought $5.26 billion and $20.82 billion in equity and debt, respectively.

Asian currencies were trading higher. China renminbi was up 0.35%, China offshore 0.35%, Thai baht 0.14% and Malaysian ringgit 0.11%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.742, down 0.06% from its previous close of 93.80.