The US dollar is falling down against rupee trades. In Mumbai, the Indian rupee strengthened marginally against US dollar on Thursday. Asian peers and drop in crude oil. After China’s central bank Asian currencies were trading higher and will set its daily fixing stronger than expected.
On Thursday, The Indian rupee rose had higher against the US dollar while tracking its Asian peers, which gained as a stronger eased concern about the US-China trade dispute.
On Wednesday it closes of 70.89 when the rupee was at 70.80 up by 0.10% a dollar. The domestic currency had opened at 70.84 and has so far touched a high of 70.78 and a low of 70.84 per dollar. So far this year, the unit has declined by 1.41%.
The 10-year government bond yield was at 6.381%, on comparison with its previous close of 6.369%. The benchmark equity index Sensex rose 0.24% to 36779.80 points. So this year, it has risen 1.72%. Foreign investors have bought nearly $8.25 billion in equity and $2.58 billion in debt till the year to date.
Read EquityPandit’s Nifty Outlook for the Week