Yields on 10-year government bonds were at 7.75% compared to Wednesday’s close of 7.74%. Photo: Mint
Mumbai: The Indian rupee was trading marginally higher against US dollar on Monday, tracking gains in its Asian peers.
At 1.50pm, the rupee was trading at 65.11, up 0.09% from its previous close of 65.17. The home currency opened at 65.05 and touched a high and a low of 64.93 and 65.14, respectively.
Yields on 10-year government bonds were at 7.75% compared to Wednesday’s close of 7.741%. Bond yields and prices move in opposite directions.
Markets were closed on Friday due to Holi.
India’s benchmark Sensex index fell 1% or 305.57 points to 34,741.37. So far this year, Sensex has fallen 0.03%.
Year to date, the rupee weakened 1.8%, while foreign investors have bought $107.90 million and $1.05 billion in equity and debt markets, respectively.
Asian currencies were trading higher as dollar remained under pressure on the hopes of global trade war after US president Donald Trump planned trade tariffs.
Japanese yen was up 0.28%, China renminbi 0.21%, China offshore 0.11%, Malaysian ringgit 0.11%, Thai baht 0.07% and Indonesian rupiah rose 0.06%. However, South Korean won was down 0.17% and Philippines peso fell 0.08%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 89.97, up 0.04% from its previous close of 89.935.
