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Rupee trades lower against the US dollar

The Indian rupee on Monday weakened against the US dollar ahead of key monetary policy meetings of central banks worldwide.

Traders are also cautious as the bill to amend the constitution to amend tax on goods and services (GST) is likely to be listed this week after Finance Minister; Arun Jaitley meets the State Finance Ministers on Tuesday.

VBK-RUPEE

rupee against dollar

The local currency opened at 67.18 a dollar. At 9:12 a.m., the national currency was trading at 67.19, down 0.15% from its previous close of 67.08.

Bond yields to 10 years of India were trading at 7.244%, compared with about 7,251% on Friday.

Benchmark Sensex India fell 0.18%, or 49.28 points, to 27,753.96. So far this year, it has gained 6.3%.

The Federal Open Market Committee US should start a monetary policy meeting two days on July 26, with the market expected the US Federal Reserve to maintain a stable monetary policy.

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