Indian Rupee vs Dollar: Interbank Forex market closed

The interbank forex market will be shut on Monday, as the country will be celebrating Buddha Purnima festival on the day. This means there will be no trading in Indian bonds and currency markets. However the stock exchanges are operating on their regular basis.

Last week, the Indian rupee remained buoyant against US dollar, before ending at 66.620 down by 0.292 or 0.44% against the American currency on Friday. It needs to be noted that, the domestic currency clocked to a fresh 14-month low of 66.92 against US dollar on Wednesday, before witnessing some recovery. The rupee has been trading over 66-mark per dollar for seven consecutive day.

Meanwhile, the benchmark 10-year bond yield fell to 95.97 rupees on Friday, yielding 7.77%, from 96.05 rupees and a 7.76% yield at the previous close, while the rupee settled higher at 66.66/66.67 per dollar as against 66.75/66.76 at previous close.

The foreign portfolio investors (FPI) made an outflow of Rs 2,606.20 crore together in equity, debt and hybrid market, as per NSDL data.

Morever on Monday, the benchmark Sensex index was trading at 35,171.28 above a whopping 201.58 points or 0.58%, whereas the Nifty 50 surged over 55.45 points or 0.52% trading at 10,747.75.