Rupee opens weak at 62.45 per dollar

Indian rupee trading slightly weak tracking Asian currencies that were mostly flat-to-marginally weak

The yield on India’s 10-year benchmark bond was at 8.768%, compared with its Tuesday’s close of 8.771%. Photo: Pradeep Gaur/Mint

Mumbai: The Indian rupee on Wednesday opened weak at 62.45 per dollar compared with its Tuesday’s close of 62.32.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.626, up 0.04% from its previous close of 80.591.

The yield on India’s 10-year benchmark bond was at 8.768%, compared with its Tuesday’s close of 8.771%.

Asian currencies were mostly trading flat-to-marginally weak. The yen was squeezed higher across the board early in Asia on Wednesday, enjoying a bit of a reprieve as investors locked in profits ahead of major risk events including US jobs data due later in the week.

At 9.07am, the Indian currency was trading at 62.39 per dollar, down 0.04%, while India’s benchmark index, Sensex was trading at 20,839.17 points, down 0.05%.

Reuters contributed to this story.