September 18, 2018 / 3:56 AM / a year ago

Rupee, bonds rise drawing comfort from stable global markets

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

MUMBAI (Reuters) - The Indian rupee and bonds were higher on Tuesday tracking stable global markets even as the United States imposed new tariffs on Chinese goods.

The rupee was trading at 72.40 to the dollar, compared with Monday’s close of 72.51, while the 10-year benchmark bond yield fell to 8.07 percent from 8.10 percent at previous close, eyeing the currency market.

S&P500 E-mini futures were almost flat at 0.07 percent in Asian trade on Tuesday. The MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.25 percent but Japan’s Nikkei bucked the trend to gain 1.6 percent.

Reporting by Suvashree Dey Choudhury and Abhirup Roy; Editing by Sunil Nair

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