Mumbai: The Indian rupee on Friday closed weaker against the US dollar tracking losses in the local equity markets.
The rupee closed at 64.25 a dollar, down 0.14% from its Thursday’s close of 64.15. The rupee opened at 64.13 a dollar and touched a high and a low of 64.12 and 64.38, respectively.
The benchmark Sensex index fell 0.37% or 111.34 points to closed at 29,918.40. So far this year, it has risen 12.5%.
So far this year, the rupee has gained 5.8%, while foreign investors bought $6.53 billion and $7.41 billion in local equity and debt markets, respectively.
The 10-year bond yield closed at 6.963% compared to its previous close of 6.943%. Bond yields and prices move in opposite directions.
Asian currencies were trading mixed. Philippines peso was up 0.13%, Japanese yen 0.11%, China offshore 0.11%, China renminbi 0.07% and Singapore dollar 0.06%. However, South Korean won was down 0.3%, Indonesian rupiah 0.11%, Thai baht 0.11% and Taiwan dollar fell 0.04%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.1666, up 0.09% from its previous close of 99.076.