| Date: |
16-03-2016 |
| Subject: |
Rupee opens higher at 67.34 against US dollar |
|
Mumbai: The Indian rupee on Wednesday was trading little changed against the US dollar ahead of the US Federal Reserve’s two-day policy meeting outcome later in the day.
The rupee opened at 67.34 a dollar. At 9.10am, the home currency was trading at 67.38, up 0.01% from its previous close of 67.39.
The trade deficit for February stood at $6.54 billion as compared to $7.64 billion a month ago. Exports fell 5.66% from a year ago to $20.74 billion while imports fell 5.03% on year to $27.28 billion.
India’s benchmark Sensex index rose 0.15% or 35.93 points to 24,587.10. BSE’s Sensex rallied 6.73% this month, but is still down 6%, year-to-date.
Since the beginning of this year, the rupee has lost 1.78%, while foreign institutional investors have sold $1.20 billion from local equity and $1.45 billion in debt markets.
Meanwhile, India’s 10-year bond yield was at 7.584%, as compared with its Tuesday’s close of 7.582%.
Asian currencies were trading mixed. South Korean won was down 0.31%, Japanese yen 0.19%, China offshore and China renminbi were down 0.08% each. However, Thai baht was up 0.24%, Singapore dollar 0.15%, Malaysian ringgit 0.07%, Taiwan dollar 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.719, up 0.10% from its previous close of 96.633.
Source : livemint.com
|