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Indian rupee weakens against US dollar in line with Asian peers
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Mumbai, Aug. 22 -- The Indian rupee weakened against the US dollar on Thursday tracking losses in other Asian currencies.
Having opened at 71.55 to a dollar, the Indian currency, at 09:22 am, traded at a 71.67 dollar, down from its previous close of 71.55. The currency has so far today touched a high of 71.55 and a low of 71.68.
The yield on the 10-year government bond was at 6.573% compared with Wednesday's close of 6.567%. Yields have risen this month amid concern over likely extra borrowing by the government to fund any possible fiscal stimulus.
The benchmark equity index, Sensex, gained 0.07% or 27.21 points to 37087.58 points in pre-opening trade. Since January, the index has advanced 2.83%.
So far this year, rupee lost 2.66%. Fo...
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