Rupee trades flat against US dollar
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Mumbai: The Indian rupee was trading little changed against US dollar on Tuesday in a thinly traded market as many dealers were on leave for the year end.
The rupee opened at 64.03 a dollar. At 9.15am, the home currency was trading at 64.02 a dollar, up 0.03% from its Friday’s close of 64.06. On Monday, markets were closed due to Christmas.
The 10-year bond yield was at 7.27%, compared to its previous close of 7.271%. Bond yields and prices move in opposite directions.
The benchmark Sensex rose 0.07%, or 25.05 points, to 33,965.35. So far this year, it has gained 26%.
So far this year, the rupee has gained 6.06%, while foreign institutional investors have bought $7.71 billion and $22.83 billion in equity and debt, respectively.
Asian currencies were trading mixed. South Korean won was up 0.29%, China offshore 0.08% and Taiwan dollar rose 0.06%. However, China renminbi was down 0.19%, Indonesian rupiah 0.13% and Thai baht fell 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.258, down 0.01%, from its previous close of 93.267.
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