India’s 10-year bond yield closed at 7.424%, as compared with its Wednesday’s close of 7.427%. image: Mint
Mumbai: The Indian rupee closed marginally weaker towards the usa dollar on Thursday, in advance of the key inflation and Index of industrial manufacturing (IIP) information due after 5.30pm.
the home currency closed at sixty six.63, down 0.1% from its preceding close of sixty six.57. The rupee opened at 66.62 a dollar and touched a high and a low of sixty six.54 and sixty six.sixty eight, respectively.
in step with Bloomberg estimates, consumer price Index (CPI) could be at 5.05% for April in opposition tofour.83% in March and IIP will be at 2.5% in March as compared with 2% in February.
The government will problem Wholesale charge Index (WPI) facts on sixteen may additionally after 12pm. in line with Bloomberg analysts, WPI will be at –0.2% for April in opposition to –0.85% in March.
India’s benchmark Sensex index rose zero.75%, or 193.20 points, to close at 25,790.22. thus far this 12 months, the Sensex is down 1.25%.
India’s 10-year bond yield closed at 7.424%, as compared with its Wednesday’s near of seven.427%.
to date this 12 months, the rupee has weakened zero.sixty eight%, whilst overseas institutional tradershave sold $1.77 billion from the neighborhood fairness market and offered $146.7 million in the debtmarket.
Asian currencies closed decrease. jap yen become down 0.75%, Singapore dollar 0.38%, China renminbizero.29%, Philippines peso 0.26% and Thai baht zero.18%. however, South Korean won become up 0.forty three%, Malaysian ringgit 0.25% and Indonesian rupiah 0.08%.
The dollar index, which measures america forex’s strength against principal currencies, turned intotrading at 94.02, up zero.21% from its previous close of 93.823.