| Date: |
28-12-2015 |
| Subject: |
Rupee opens higher at 66.10 against US dollar |
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Mumbai: The Indian rupee on Monday strengthened for the eighth consecutive session against the US dollar from its previous close.
The local currency opened at 66.10 a dollar and touched a high of 66.09, a level last seen on 20 November. At 9.09am, the rupee was trading at 66.11 a dollar, up 0.15% from its previous close of 66.21.
India’s benchmark equity index, BSE Sensex, was trading at 25,867.39 points, up 0.11% or 26.48 points.
The yield on India’s 10-year benchmark bond stood at 7.738% compared with its Wednesday’s close of 7.747%. Bond yields and prices move in opposite directions.
Since the beginning of this year, the rupee has weakened 4.05% against the dollar, while foreign institutional investors have bought $2.94 billion from local equity markets and $7.83 billion from the debt market.
Asian currencies were trading mixed against the dollar. South Korean won was up 0.48%, Taiwan dollar 0.28% and China offshore 0.06%. However, Philippines peso was down 0.24%, Singapore dollar and Malaysian ringgit were down 0.2% each, Thai baht 0.12%, while Indonesian rupiah and Japanese yen were down 0.05% each.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.872, up 0.02% from its previous close of 97.847.
Source : livemint.com
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