You are using an older browser version. Please use a supported version for the best MSN experience.

Rupee strengthens against US dollar on Asian cues

LiveMint logoLiveMint 02-05-2017 Ravindra N. Sonavane

Mumbai: The Indian rupee on Tuesday strengthened against the US dollar, tracking gains in the Asian currencies markets.

The rupee opened at 64.14 a dollar and touched a high of 64.12. At 9.15am, the rupee was trading at 64.15 a dollar, up 0.15% from its Friday’s close of 64.25. On Monday, markets were closed due to World Labour Day.

The benchmark Sensex index rose 0.27% or 80.96 points to 29,999.36. So far this year, it has risen 12.5%.

So far this year, the rupee has gained 6%, while foreign investors bought $6.53 billion and $7.55 billion in local equity and debt markets, respectively.

The 10-year bond yield was trading at 6.966% compared to its previous close of 6.963%. Bond yields and prices move in opposite directions.

Asian currencies were trading higher. South Korean won was up 0.83%, Taiwan dollar 0.75%, Malaysian ringgit 0.31%, Singapore dollar 0.19%, Thai baht 0.15%, Indonesian rupiah 0.12% and Philippines peso 0.06%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.048, down 0.03% from its previous close of 99.077.

More From LiveMint

image beaconimage beaconimage beacon