Mumbai: The rupee is trading marginally down in the mid-day trade on Tuesday against the US dollar, tracking weak Asian peers.
At 2.14pm, the Indian rupee was trading at 62.35 per dollar, down 0.04% from its previous close of 62.32. The partially convertible currency had opened at 62.2850 per dollar.
On Monday, the Reserve Bank of India (RBI) said it is willing to open a dollar swap window for oil marketing companies (OMCs) if there is a higher demand.
RBI’s commitment to ensure stability in the foreign exchange market is positive to the markets, dealers said.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.844, down 0.10% from the previous close of 80.925.
Since January this year, the rupee has weakened 11.79% and has lost the third most after Indonesian rupiah and Japanese yen among Asian currencies during that period.
The yield on India’s 10-year benchmark bond was trading at 8.768%, up from the previous close of 8.742%.
