The Indian rupee strengthened for the third consecutive session against the US dollar which amid mixed cues from other Asian currencies due to uncertainty over US-China trade deal. At 09:08 am, the rupee was trading at a 71.63 dollar, up 0.22 per cent from its previous close of 71.79. The currency opened at 71.66 a dollar, touching a high of 71.62 and a low of 71.69.
The 10-year bond yield rose 5 basis points to 6.53 per cent from its Friday’s close of 6.52 per cent, whereas the price of the bond lost 0.01 per cent to 103.80. Bond yields and prices move in opposite directions. Benchmark equity index, Sensex, gained 0.18 per cent or 74.39 points to 40431.08 points in pre-opening trade. Since January, it has gained 12.10 per cent. So far this year, the rupee lost 2.60er cent. Foreign investors bought $11.97 billion and $5.2 billion in equity and debt markets, respectively. The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.922, down 0.08 per cent from its previous close of 97.999.