MUMBAI: The Indian rupee on Tuesday was trading weaker against the dollar for a second consecutive session, tracking losses in Asian currencies.
The local currency opened at 63.79 per dollar and touched a high and a low of 63.77 and 63.81, respectively. At 9.06am, the rupee was trading at 63.77, down 0.1% from its previous close of 63.72.
The Sensex was trading almost unchanged at 27,690.81 points.
The yield on India’s 10-year benchmark bond was trading at 7.883% compared with its Monday’s close of 7.9%. Bond yields and prices move in opposite directions.
Since the beginning of this year, the rupee has lost 1.07% against the dollar, while foreign institutional investors have bought $6.76 billion from local equity and $6.03 billion from bond markets.
Most of the Asian currencies were trading lower. The Malaysian ringgit was down 0.62%, South Korean won was down 0.57%, Indonesian rupiah 0.27%, Philippines peso 0.07%. However, Taiwan dollar was up 0.22%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.255, up 0.04% from its previous close of 94.221.
