MUMBAI: The Indian rupee on Tuesday strengthened against the US dollar, tracking gains in the Asian currencies markets.
At 9.10am, the home currency was trading at 66.40, up 0.36% from its previous close of 66.65. The local unit opened at 66.50 per dollar and touched a high and a low of 66.38 and 66.50, respectively.
Most of the Asian currencies were trading higher. South Korean won was up 0.6%, Taiwan dollar 0.56%, China Offshore spot 0.38%, Singapore dollar 0.32%, Thai baht and Philippines peso were up 0.32% each, and Malaysian ringgit was up 0.18%. However, Japanese yen was down 1.12%, China renminbi fell 0.11% and Indonesian rupiah lost 0.06%.
Asian markets were trading mixed. Hong Kong’s Hang Seng was up 1.5%, China’s Shanghai Composite was trading 4.4% down and Japan’s Nikkei Stock Average was up 1.1%.
The benchmark Sensex index rose 0.68% or 174.90 points to 25,916.26 points.
The yield on India’s 10-year benchmark bond was trading at 7.857% compared with its Monday’s close of 7.891%. Bond yields and prices move in opposite directions.
