Gold Silver Reports (GSR) – Rupee trades higher against US dollar – The Indian rupee strengthened against the US dollar, tracking gains in local equity and Asian currencies market.
At 9.15am, the rupee was trading at 68.72 a dollar, up 0.20% from its previous close of 68.85. The currency opened at 68.77 a dollar.
The 10-year bond yield stood at 7.788%, from its Friday’s close of 7.786%. Bond yields and prices move in opposite directions.
So far this year, the rupee has weakened 6.55%, while foreign investors have sold $999.80 million and $6.29 billion in equity and debt markets, respectively.
