The Indian rupee on Friday strengthened for the third consecutive session, hitting a near two-week high against the US dollar, as traders expect the government will achieve its fiscal deficit target for the current year.
The home currency opened at 67.87 against the dollar . At 9.15am, the rupee was trading at 67.82 per dollar, up 0.21% from its previous close of 67.96. Year-to-date, it gained 0.1%.
Most of the Asian currencies were trading lower. China offshore was down 0.52%, Japanese yen 0.43%, China renminbi 0.29%, South Korean won 0.23%, Singapore dollar 0.21% and Thai baht 0.07%. However, Malaysian ringgit was up 0.26%, Indonesian rupiah 0.21% and Philippines peso rose 0.15%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.59, up 0.08% from its previous close of 101.52.
The home currency opened at 67.87 against the dollar . At 9.15am, the rupee was trading at 67.82 per dollar, up 0.21% from its previous close of 67.96. Year-to-date, it gained 0.1%.
Most of the Asian currencies were trading lower. China offshore was down 0.52%, Japanese yen 0.43%, China renminbi 0.29%, South Korean won 0.23%, Singapore dollar 0.21% and Thai baht 0.07%. However, Malaysian ringgit was up 0.26%, Indonesian rupiah 0.21% and Philippines peso rose 0.15%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.59, up 0.08% from its previous close of 101.52.
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