Mumbai: The Indian rupee on Wednesday weakened marginally against the US dollar amid thin trading as traders wait for the outcome of a Federal Open Market Committee meeting. At 9.15am, the rupee was trading at 64.42 a dollar, down 0.07% from its Tuesday’s close of 64.38. The 10-year bond yield was at 6.447%, compared to its previous close of 6.43%. Asian currencies were trading lower.South Korean won was down 0.34%, Taiwan dollar 0.08%, Malaysian ringgit 0.08%, Thai baht 0.07%, China renminbi 0.05%, Indonesian rupiah 0.04% and Singapore dollar 0.04%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.06, up 0.01% from its previous close of 94.054.

Source: Mint July 26, 2017 03:56 UTC