Mumbai, India (BBN)-The Indian rupee on Thursday was trading little changed against the US dollar in the opening trade.
The home currency opened at 66.73 against the US dollar, reports PTI.
At 9.15am, the rupee was trading at 66.71 against the US dollar, up 0.01% from its previous close of 66.72.
So far this year, it fell 0.83%.
India’s benchmark Sensex index was trading at 27,539.80 points, up 0.05% or 12.58 points from its previous close. So far this year, it has gained 5.4%.
Asian currencies were trading mixed. South Korean won was up 0.55%, Japanese yen 0.48%, Taiwan dollar 0.13%. However, China renminbi was down 0.05%.
The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the US election, but signalled it could hike in December as the economy gathers momentum and inflation picks up.
The US central bank said the economy had gained steam and job gains remained solid. Policymakers also expressed more optimism that inflation was moving toward their 2% target, Reuters reported.
The benchmark 10-year government bond yield was trading at 6.807% compared to Wednesday’s close of 6.815%. Bond yields and prices move in opposite directions.
Foreign institutional investors (FIIs) have sold $764.30 million in debt and bought $6.75 billion in equity till date this year.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.15, down 0.25% from its previous close of 97.398.