Stock advisory Company >> Rupee weakens against US dollar in opening trade

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The Indian rupee on Wednesday weakened against the US dollar, tracking losses in the Asian currencies markets.

At 9.08am, the rupee was trading at 64.26 a dollar, down 0.21% from its Monday’s close of 64.12. The rupee opened at 64.28 a dollar and touched a high and a low of 64.26 and 64.30, respectively.

The benchmark Sensex index gained 0.37% or 117.21 points to 31,566.24 in pre-opening trade. So far this year, it has risen 18.55%.

So far this year, the rupee has gained 5.93%, while foreign investors bought $8.5 billion and $18.97 billion in local equity and debt markets, respectively.

The 10-year bond yield was trading at 6.50% compared to its previous close of 6.52%. Bond yields and prices move in opposite directions.