The Indian rupee opened marginally higher against the US dollar on Tuesday, even as Asian currencies showed a mixed trend.The home currency opened at 60.16 against the dollar against its Monday’s close of 60.21.
At 9.13am, the rupee was trading at 60.14 per dollar, up 0.11% from its previous close.India’s benchmark equity index, S&P BSE Sensex, rose 0.61%, or 151.55 points, to 25,182.87.
The yield on India’s 10-year benchmark bond was trading at 8.738%, compared with its Monday’s close of 8.78%. Bond yields and prices move in opposite directions.
Currencies in the region showed a mixed trend. The Malaysian ringgit was trading up 0.17%, but Japanese yen, Philippines peso, Thai baht and Singapore dollar were down marginally.
The dollar index, which measures the U.S. currency’s strength against major currencies, was trading at 80.297, up 0.02% from its previous close of 80.272.
Since the beginning of this year, the rupee has gained 2.73% against the dollar, while foreign institutional investors have bought $9.87 billion from local equity markets.
Source:- livemint.com
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