The Indian rupee on Thursday weakened against the dollar, tracking losses in the Asian market.
The US Federal Reserve has left the key interest rate unchanged as the economy and job market continued to strengthen.
At 2.06pm, the rupee was trading at 63.94 per dollar, down 0.03% from its previous close of 63.90. The partially convertible currency opened at 63.94 a dollar and touched a high and a low of 63.92 and 64.04, respectively.
Since January this year, the rupee has lost 1.48%.
Most of the Asian currencies were trading lower. Japanese yen was down 0.177%, Taiwan dollar 0.288%, Malaysian ringgit 0.176%, Philippine peso 0.316%, Singapore dollar 0.277%, South Korean won 0.823%, Indonesian rupiah 0.141% and Thai baht 0.521%. Meanwhile, Hong Kong dollar gained 0.008%.
The Sensex index gained 0.54% or 148.40 points to 27,711.28 points.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.265, up 0.3% from the previous close of 96.976.
Ten-year bond was trading flat at 7.8%. It opened at 7.81% and touched a high and a low of 7.81% and 7.79%, respectively.
Source:- livemint.com
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