Mumbai: The Indian rupee was trading marginally up against the US dollar in the afternoon on Wednesday, tracking the strength in Asian currencies.
At 2.48pm, the rupee was trading at 61.945 against dollar, up 0.01% from its previous close of 61.96.
Since January this year, the rupee has weakened 0.23% against dollar, but has recovered better than its peers. On Wednesday, a majority of Asian currencies were trading up.
The dollar index, which measures the greenback’s strength against major currencies, was trading at 80.170, up 0.04% from the previous close of 80.137.
Local equities, too, were trading up. India’s benchmark Sensex was trading at 20,976.95 points, up 0.6%, or 124.48 points, from the previous close.
The yield on India’s 10-year benchmark bond was trading up at 8.898% compared with its previous close of 8.876%. Bond yields and prices move in opposite directions.
