Mumbai: The Indian rupee on Tuesday strengthened against the US dollar, tracking the gains in Asian currencies markets.
Rupee closed at 64.06 a dollar, up 0.39% from its Friday’s close of 64.31. The rupee opened at 64.11 a dollar and touched a high and a low of 64.03 and 64.16, respectively. It closed to a 9 month closing high, a level seen 10 August 2016.
The benchmark Sensex gained 0.44% or 133.97 points to close at 30,322.12. So far this year, it has risen 13.88%.
So far this year, the rupee has gained 6.03%, while foreign investors bought $6.36 billion and $8.31 billion in local equity and debt markets, respectively.
Consumer Price Index (CPI) for the month of April rose 2.99% year-on-year against a Bloomberg estimate of 3.30%, Wholesale Price Index (WPI) for the month of April rose 3.85% as per 2011-12 base and Index of Industrial Production for the month of March rose 2.7% as per the 2011-12 base.
The 10-year bond yield closed at 6.812% compared to its previous close of 6.942%. Bond yields and prices move in opposite directions.
Asian currencies were trading higher. Singapore dollar 0.400%, Malaysian ringgit 0.390%, Thai baht 0.390%, South Korean won rose 0.346%, Taiwan dollar 0.229%, Indonesian rupiah 0.203%, Philippines peso 0.177%, China offshore 0.109%, Hong Kong dollar 0.083% and China renminbi 0.073%. However, Japanese yen lost 0.097%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 98.857, down 0.40% from its previous close of 99.252.