Market News
Indian rupee nearly flat tracking muted Asian peers; forward premiums dip - REUTERS
MUMBAI, May 19 (Reuters) - The Indian rupee was little changed on Monday, tracking muted moves in its regional peers, while dollar-rupee far forward premiums dipped on the back of a rise in U.S. bond yields.
The rupee was at 85.51 against the U.S. dollar as 10:45 a.m. IST, barely changed from its previous close of 85.5050.
Other Asian currencies were mostly steady as well, while the dollar index was little changed at 100.8.
U.S. Treasury yields nudged higher after U.S. President Donald Trump's sweeping tax-cut bill was approved by a key congressional committee.
