Mumbai: The Indian rupee strengthened marginally against the US dollar on Tuesday even as other Asian currencies were trading mixed.

At 9.15 am, the rupee traded at 69.27 a dollar, up 0.13% from its previous close of 69.35. The Indian currency had opened at 69.32 a dollar.

Asian currencies were trading mixed ahead of speeches by several US Federal Reserve officials this week, including one from Chairman Jerome Powell Tuesday.

Traders also await a planned meeting between US President Donald Trump and his Chinese counterpart XI Jinping at the crucial G-20 summit later this week.

The 10-year government bond yield was at 6.836%, compared with Monday's close of 6.851%.

The benchmark equity index Sensex index was up 0.45% at 38,946.04 points. Year to date, the index has risen 8.47%.

So far this year, the rupee has risen 0.61% against the greenback. During the period, foreign investors bought $11.03 billion in Indian equities and $1.48 billion in the debt market.

Among Asian currencies, Japanese yen was up 0.23%, South Korean won rose 0.15%, and Hong Kong dollar and Indonesian rupiah gained 0.06% each. However, Taiwan dollar was down 0.1%, China Offshore 0.1%, Malaysian ringgit 0.1%, China renminbi 0.07%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 95.934, down 0.05% from its previous close of 95.98.

Published On : 25-06-2019

Source : Live Mint