Mumbai: The Indian rupee on Tuesday weakened against the US dollar, tracking losses in the local equity and Asian currencies market.
At 4.10pm, the home currency was trading at 67.38, down 0.42% from its previous close of 67.10. The rupee opened at 67.21 and touched a high and a low of 67.21 and 67.42 respectively.
India’s benchmark Sensex index gained 0.050% or 12.75 points to 24,659.23.
Meanwhile, India’s 10-year bond yield was at 7.629%, as compared with its Friday’s close of 7.633%.
Since the beginning of this year, the rupee has lost 1.81%, while foreign institutional investors have sold $2.01 billion from local equity and $1.12 million in debt markets.
Most of the Asian currencies were trading lower. Indonesian rupiah fell 0.57%, South Korean won 0.437%, Singapore dollar 0.469%, Malaysian ringgit 0.508%, Taiwan dollar 0.082%. However, Japanese yen was up 0.523%, China renminbi 0.166%, Philippines peso 0.32%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.056, down 0.02% from its previous close of 97.071.
China’s overseas shipment tumbled 25.4% in US dollar terms from a year ago, while imports extended a streak of declines to 16 months, slumping 13.8%, leaving a trade surplus of $32.6 billion.
Traders are cautious ahead of the European Central Bank (ECB) meets on Thursday and there is expectation of further action from the ECB especially since the inflation data was weaker than expectation.
Source :.livemint.com
No comments:
Post a Comment