Gold Silver Reports (GSR) – The Indian rupee weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury yields. At 9.15am, the rupee was trading at 69.01 a dollar…, down 0.15% from its previous close of 68.95.
The currency opened at 68.96 a dollar and touched a low of 69.01. The 10-year bond yield stood at 7.806%, from its Monday’s close of 7.807%. Bond yields and prices move in opposite directions.
So far this year, the rupee has weakened 7.25%, while foreign investors have sold $951.10 million and $6.21 billion in equity and debt markets, respectively.
