India rupee weak in line with Asian peers
Click here to read full article from source
New Delhi, Nov. 19 -- The Indian rupee was weak against the US dollar on Tuesday, taking cues from other Asian currencies.
At 09:08 am, the rupee traded at 71.99 to a dollar, down from its previous close of 71.84. The currency had opened at 71.95 a dollar, and so far today touched a high of 71.92 and a low of 72.01.
The yield on the 10-year bond fell 2 basis points to 6.46% from its Monday's close of 6.48%.
The benchmark equity index Sensex gained 0.4% or 171.17 points to 40455.36 points in pre-opening trade. Since January, the index has gained 12.2%.
So far this year, the rupee has lost 3.06%, while foreign investors bought $11.80 billion and $5.13 billion in equity and debt markets respectively. On Monday, they sold Rs.599 crores of...
To read the full article or to get the complete feed from this publication, please Contact Us