Mumbai: The Indian rupee on Tuesday was trading marginally higher against the US dollar in opening trade.
The home currency opened at 67.87 against the US dollar. At 9.15am, the rupee was trading at 67.84 per US dollar, up 0.05% from its previous close of 67.88. So far this year, it has fallen 2.5%.
India’s benchmark Sensex index was trading at 26,411.88 points, up 0.14% or 37.18 points from its previous close. So far this year, it has risen 1%.
The benchmark 10-year government bond yield was trading at 6.497%, compared to Monday’s close of 6.51%. Bond yields and prices move in opposite directions.
So far this year, foreign institutional investors have bought $4.08 billion in equities and sold $6.63 billion in debt.
Asian currencies were trading lower as geopolitical concerns intensified after the assassination of Russia’s ambassador to Turkey and violent incidents in Germany and Switzerland.
South Korean won was down 0.38%, China offshore spot 0.15%, Taiwan dollar 0.13%, Indonesian rupiah 0.1% and Thai baht 0.06%. However, China renminbi was up 0.14%, Philippines peso 0.11% and Singapore dollar 0.1%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.04, down 0.1% from its previous close of 103.14.
Japan’s central bank, meeting for the first time since Donald Trump’s victory last month, maintained its targets for short- and long-term interest rates. The decision was expected by all 39 economists surveyed by Bloomberg.
