New Delhi, Sept. 27 -- The Indian rupee opened flat against the US dollar on Wednesday amid surging US Treasury yields and rising crude oil prices. The local currency opened at 83.23 a dollar as against previous close of 83.23.

The dollar index was at 106.24, hovering close to its highest level since November 2022. The 10-year US Treasury yield was lower in Asia at 4.51% but remained close to its highest level since October 2007.

On Tuesday, the rupee ended 8 paise lower at 83.23 a dollar. The rupee hit its record level of 83.29 in October 2022.

Also Read: India could be the largest beneficiary: JPMorgan CEO explains why as companies look options beyond China

Asian currencies were mostly weaker with the Korean won leading losses.

US ...