MUMBAI: The Indian rupee on Thursday weakened against the US dollar from its previous close following other Asian currencies.
At 9.06am, the home currency was trading at 66.72, down 0.46% from its previous close of 66.41. The local unit opened at 66.73 per US dollar.
The benchmark Sensex index fell 0.45% or 116.42 points to 25,603.16 points.
Most Asian currencies were trading lower. Malaysian ringgit was down 0.76%, Indonesian rupiah 0.37%, Singapore dollar 0.32%, South Korean won 0.3%, China renminbi 0.1%, Taiwan dollar 0.1% and Philippines peso dropped 0.08%. However, Japanese yen and Thai baht were up 0.1% each.
The yield on India’s 10-year benchmark bond was trading at 7.784% compared with its Wednesday close of 7.766%. Bond yields and prices move in opposite directions.
Since the beginning of this year, the rupee has lost 5.47%, while foreign institutional investors (FIIs) have bought $3.7 billion from local equity and $6.24 billion from bond markets.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.97, down 0.04% from its previous close of 96.012.
