Mumbai: The Indian rupee on Thursday erased all the gains and closed marginally weaker against the US dollar after local equity markets fell over 100 points.
The rupee closed at 64.15 a dollar, down 0.06% from its Wednesday’s close of 64.12. The rupee opened at 64.06 a dollar and touched a high of 63.98.
The benchmark Sensex index fell 0.34% or 103.61 points to closed at 30,029.74. So far this year, it has risen 12.5%.
So far this year, the rupee has gained 5.8%, while foreign investors bought $6.54 billion and $7.43 billion in local equity and debt markets, respectively.
The 10-year bond yield closed at 6.943% compared to its previous close of 6.952%. Bond yields and prices move in opposite directions.
Asian currencies were trading lower. South Korean won was down 0.35%, Philippines peso 0.24%, Taiwan dollar 0.19%, Japanese yen 0.11%, China offshore 0.08%, China renminbi 0.08% and Indonesian rupiah fell 0.08%. However, Malaysian ringgit was up 0.11% and Singapore dollar rose 0.07%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 98.873, down 0.18% from its previous close of 99.045.