| Date: |
21-10-2015 |
| Subject: |
Rupee weakens marginally to 65.10 per US dollar |
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Mumbai: The Indian rupee on Tuesday weakened marginally against the US dollar from its previous close tracking the mixed Asian currencies market.
At 9.08am, the home currency was trading at 65.13, down 0.11% from its previous close of 65.06. The local unit opened at 65.10 per US dollar and touched a low of 65.14.
Most Asian currencies were trading mixed. Malaysian ringgit was down 0.58%, Indonesian rupiah 0.15%, Taiwan dollar and Philippines peso were down 0.05% each. However, China Offshore spot was up 0.23%, Thai Baht 0.12%, China Renminbi 0.1%, Singapore dollar 0.07%.
The benchmark Sensex index rose 0.07%, or 19.59 points, to 27,326.42.
The yield on India’s 10-year benchmark bond was trading at 7.584% compared with its Tuesday’s close of 7.58%. Bond yields and prices move in opposite directions.
Since the beginning of this year, the rupee has lost 3.18%, while FIIs have bought $4.33 billion from local equity and $8.74 billion from bond markets.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.802, down 0.11%, from its previous close of 94.913.
US Fed chair Janet Yellen’s speech at the US department of labour in Washington overnight was expected to drop some cues on the possible outcome of the US Fed’s 27-28 October policy review, she neither commented on the outlook for the US economy nor monetary policy, Reuters reported.
Traders are awaiting more clues from European Central Bank (ECB) president Mario Draghi on the possible extension of the ECB’s stimulus programme at its meeting on Thursday, the report added.
Source : livemint.com
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