The Indian rupee on Monday hit a fresh 15-week high against the US dollar in opening trade, after foreign institutional investors (FIIs) continued to buy in local equity markets.
The local currency opened at 66.72 and touched a high of 66.69, a level last seen on 10 November. At 9.15am, the home currency was trading at 66.70, up 0.19% from its previous close of 66.83.
India’s benchmark Sensex index rose 0.06% or 17.53 points to 28,970.86. So far this year, it has risen 9%.
Most Asian currencies were trading lower. Philippines peso was down 0.15%, China offshore 0.1%, China renminbi 0.1%, Indonesian rupiah 0.01%, Japanese yen 0.09%, South Korean won 0.06% and Taiwan dollar 0.06%. However, Thai baht was up 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.15, up 0.06% from its previous close of 101.09.
The local currency opened at 66.72 and touched a high of 66.69, a level last seen on 10 November. At 9.15am, the home currency was trading at 66.70, up 0.19% from its previous close of 66.83.
India’s benchmark Sensex index rose 0.06% or 17.53 points to 28,970.86. So far this year, it has risen 9%.
Most Asian currencies were trading lower. Philippines peso was down 0.15%, China offshore 0.1%, China renminbi 0.1%, Indonesian rupiah 0.01%, Japanese yen 0.09%, South Korean won 0.06% and Taiwan dollar 0.06%. However, Thai baht was up 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.15, up 0.06% from its previous close of 101.09.
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