The Indian rupee Tuesday strengthened marginally against the US dollar tracking the gains in the Asian currencies markets.The local currency opened at 66.97 a dollar.the home currency was trading at 66.96—up 0.07% from its previous close of 67.02.
India’s retail inflation decelerated in January to 3.17% from 3.41% a month ago as prices of vegetables and pulses fell further.
Since the beginning of this year, the rupee has gained 1.36%, while foreign institutional investors have bought $319.70 million and $252.60 million from local equity and debt markets respectively.
Asian currencies were trading higher. South Korean won was up 0.21%, Singapore dollar 0.14%, Taiwan dollar 0.1%, Thai baht 0.05%, China Offshore 0.05%. However, Indonesian rupiah was down 0.04%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.98—up 0.02% from its previous close of 100.96.
India’s retail inflation decelerated in January to 3.17% from 3.41% a month ago as prices of vegetables and pulses fell further.
Since the beginning of this year, the rupee has gained 1.36%, while foreign institutional investors have bought $319.70 million and $252.60 million from local equity and debt markets respectively.
Asian currencies were trading higher. South Korean won was up 0.21%, Singapore dollar 0.14%, Taiwan dollar 0.1%, Thai baht 0.05%, China Offshore 0.05%. However, Indonesian rupiah was down 0.04%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.98—up 0.02% from its previous close of 100.96.
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