Mumbai: The rupee along with Asian currencies were little changed against US dollar on Tuesday ahead of US retail sales and industrial production data later in the day that may signal how aggressive the Federal Reserve could be in cutting rates.

The currency opened at 68.54 a dollar. At 9.15 am, the rupee was traded at 68.59 a dollar, down 0.05% from its previous close of 68.55.

Yield on the 10-year government bond was at 6.411% compared with Monday's close of 6.433%.

In pre-trade, the benchmark Sensex was up 0.23% at 38987.21 points. So far this year, the index has risen 7.84%.

The rupee has risen 1.79% against the greenback in the year so far, while foreign investors bought $10.60 billion in Indian equities and $2.49 billion in the debt market during the period.

Asian currencies were trading marginally higher. Philippines peso was up 0.15%, Hong Kong dollar 0.09%, South Korean won 0.07%, Thai Baht 0.08%, South Korean won 0.07%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 96.937, up 0.01% from its previous close of 96.933.

Published On : 16-07-2019

Source : Live Mint