Mumbai: Wednesday's Indian rupee marginally weakened against US dollar tracking losses in its Asian colleagues after formal Federal Reserve downplay aggressive monetary easing.
The rupee traded at $69.44 at 9.15 am, down 0.11% from its earlier 69.35 close. The Indian currency opened a dollar at 69.41.
Bond return acquired following a prolonged advance in crude oil prices. The 10-year bond yield was 6.907%, compared to the closing of 6.88% on Tuesday. In the opposite direction, bond yield and prices move.
Asian currencies have been lower in trading. Indonesian rupiah decreased by 0.32%, Philippines by 0.28%, Thai Baht by 0.27%, Japanese yen by 0.26%, South Korean by 0.19%, Malaysian by 0.16%, China by 0.15%, Taiwan by 0.13%, Singapore by 0.07%.
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