MUMBAI: Indian rupee on Thursday strengthened nearly 1% against the US dollar tracking rally in global equities and currencies after the US Senate passed a $2 trillion stimulus package.
At 11.04 am, the domestic currency was trading at 75.38 a dollar, up 0.9% from its previous close of 76.10. The rupee had opened at 75.89 and touched a high of 75.18 a dollar.
The 10-year government bond yield fell 2 basis points to 6.285% from its previous close of 6.304%. The US Senate approved a $2 trillion stimuls plan after days of intense negotiations, putting pressure on the House to pass the bill quickly and send it to US President Donald Trump for his signature.