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Rupee trades marginally higher against US dollar

LiveMint logoLiveMint 23-03-2017 Ravindra N. Sonavane

Mumbai: The Indian rupee on Thursday was trading marginally higher against the US dollar in opening trade.

The rupee opened at 65.41 a dollar. At 9.15am, the home currency was trading at 65.40, up 0.07% from its previous close of 65.44.

Traders are awaiting US Federal Reserve chair Janet Yellen’s speech on due later on Thursday for further cues.

So far this year, rupee gained 3.8%, while foreign institutional investors have bought $4.32 billion and $1.48 million from local equity and debt markets, respectively.

The benchmark Sensex index rose 0.15% or 42.47 points to 29,210.15. So far this year, it has risen 10.2%.

The 10-year bond yield was trading at 6.803%, compared to its Wednesday’s close of 6.817%. Bond yields and prices move in opposite directions.

Asian currencies were trading lower. Thai baht was down 0.32%, Japanese yen 0.24%, China offshore 0.16%, China renminbi 0.15%, Singapore dollar 0.15%, Taiwan dollar 0.11% and Malaysian ringgit 0.07%. However, South Korean won was up 0.24%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.814, up 0.14% from its Monday’s close of 99.677.

Five people were killed and about 40 injured in London on Wednesday after a car ploughed into pedestrians at Westminster Bridge and a suspected Islamist-inspired attacker stabbed a policeman close to the UK Parliament

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