Rupee opens lower at 60.36 per dollar

 

Mumbai: The Indian rupee on Friday opened lower against the dollar tracking weakness in Asian currencies. 

 

The domestic currency opened at 60.36 per dollar against its Thursday’s close of 60.18. ‪

 

Since the beginning of this year, the rupee has gained 2.53%, while foreign institutional investors have bought $4.75 billion from local equity markets. 

 

 

Asian currencies were trading lower, with the Thai baht down 0.17%, Philippines peso down 0.14%, China renmibi down 0.07% and the Singapore dollar trading down 0.07%.‬

 

The yield on India’s 10-year benchmark bond was trading at 9.023%, compared with its Thursday’s close of 9.005%. Bond yields and prices move in opposite directions. 

 

The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.491, up 0.02% from its previous close of 80.475.

 

At 9.14am, the rupee was trading at 60.28 per dollar, down 0.17% from its previous close, while India’s equity benchmark Sensex index was trading at 22,522.46 points on BSE, up 0.06%

Ishwar Singhal

PGDM,1st Year

source:-Mint