Mumbai: The rupee was trading up against the dollar ahead of the release of consumer price inflation numbers for January, expected to be better than December’s. At 2.30pm, the Indian currency was trading at 62.1675 a dollar, up 0.08% from its previous close of 62.2188. The partially convertible rupee opened at 62.105 and strengthened to 62.055 in morning trade. Since January, the rupee has weakened 0.58% and has recovered better than its Asian peers. The Taiwanese dollar and the Malaysian ringgit have fallen the most in the region. The dollar index, which measures the US currency’s strength against major global currencies, was trading at 80.618, down 0.02% from the previous close of 80.638. Surveys by Bloomberg expect consumer prices to rise 9.16% in January, compared with 9.87% in December. India’s benchmark Sensex was trading at 20,446.31 points, up 0.41%, or 125.68 points, from its previous close. The yields on the 10-year government bond stood at 8.783%, up from its previous close of 8.74%.

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