Rupee hits 10-week high against US dollar

Mumbai: The Indian rupee on Thursday hits near 10-week high against the US dollar, tracking gains in the local equity and Asian currencies markets.

The rupee opened at 64.21 a dollar and touched a high of 64.13, a level last seen on 17 May 2017. At 9.15am, the rupee was trading at 64.13 a dollar, up 0.37% from Wednesday’s close of 64.37.

The benchmark Sensex index rose 0.48% or 154.96 points to 32,537.42. So far this year, it has risen over 21%. Nitish Kumar, with BJP support, is all set to return as Bihar CM, barely hours after his resignation brought an end to the Mahagathbandhan with Lalu Prasad

The 10-year bond yield was at 6.444%, compared to its previous close of 6.43%. Bond yields and prices move in opposite directions.


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