Rupee opens lower at 61.51 per dollar as stock market slips

Rupee falls marginally compared with its previous close of 61.44 largely tracking weak equity markets

Mumbai: The Indian rupee opened marginally lower on Monday, largely tracking the weakness in local equity markets.

The Indian currency opened at 61.51 per dollar as against its previous close of 61.44 on Friday.

The rupee had gained 1.7% last week.

The dollar index, which measures the US currency’s strength against major world currencies, was trading at 80.034, down 0.11% from its previous close of 80.122.

The yield on India’s 10-year bond was little changed from Friday at 8.61%.

At 9.14am, the rupee was trading at 61.63 per dollar, down 0.31%, while India’s equity benchmark Sensex was trading at 19,880.94 points, down 0.18%. 

Amit kumar pandey
pgdm-1st
finance