Mumbai: The Indian rupee on Tuesday was trading lower against the US dollar, tracking the trend in Asian currency markets. At 2.29pm, the rupee was trading at 60.70, down 0.18% from previous close. The currency opened at 60.69 against its Monday’s close of 60.59. It touched a high and a low of 60.64 and 60.83, respectively. The BSE’s benchmark stock index, the Sensex, was trading up 0.09% at 22,785.42 points. Most Asian currencies were trading lower with the Indonesian rupiah down 0.65%, Malaysian ringgit down 0.49%, Thai baht down 0.26%, and the Philippines deso down 0.25%. Since the beginning of this year, the rupee has gained 1.66%, while foreign institutional investors (FIIs) have bought $4.8 billion during the period from local equity markets. The yield on India’s 10-year benchmark bond was trading at 8.836%, compared with its Thursday’s close of 8.853%. Bond yields and prices move in opposite directions. The dollar index, which measures the US currency’s strength against major currencies, was trading at 79.878, down 0.08% from the previous close of 79.945.

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