The Indian rupee on Wednesday strengthened marginally against US dollar after local equity markets gained for the fourth session. At 1.08 pm, the rupee was trading at 68.80 a dollar, up 0.13% from its previous close of 68.95. The currency opened at 68.97 a dollar and touched a high and a low of 68.78 and 68.98 respectively.
The 10-year bond yield stood at 7.806%, from its Tuesday’s close of 7.783%. Bond yields and prices move in opposite directions.
Benchmark Sensex Index rose 0.25% or 90.55 points to 36,915.65. Since January, it has gained 8.13%.
So far this year, the rupee has weakened 7.36%, while foreign investors have sold $926.90 million and $5.99 billion in equity and debt markets.
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https://www.livemint.com/Money/qzTEvAlSyrCZQaYnFVomtN/Rupee-trades-flat-against-US-dollar.html
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