Indian rupee strengthened for the third consecutive session against the US dollar on Monday, amid mixed cues from other Asian currencies due to uncertainty over US-China trade deal.
At 09:08 am, rupee was trading at a 71.63 dollar, up 0.22% from its previous close of 71.79. The currency opened at 71.66 a dollar, touching a high of 71.62 and a low of 71.69.
The 10-year bond yield rose 5 basis points to 6.53% from its Friday’s close of 6.52%, whereas the price of the bond lost 0.01% to 103.80. Bond yields and prices move in opposite directions.
Benchmark equity index, Sensex, gained 0.18% or 74.39 points to 40431.08 points in pre-opening trade. Since January, it has gained 12.10%.
So far this year, rupee lost 2.60%. Foreign investors bought $11.97 billion and $5.2 billion in equity and debt markets, respectively.
Asian currencies were trading mixed. South Korean Won gained 0.338%, Taiwan Dollar 0.105%, Philippines Peso 0.093%, Indonesian Rupiah 0.028%, Thai Baht 0.026% and Singapore Dollar 0.007%. However, China Offshore fell 0.61%, Hong Kong Dollar 0.051%, China renminbi 0.027%, Malaysian Ringgit 0.012% and Japanese Yen 0.007%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.922, down 0.08% from its previous close of 97.999.
