Rupee opens marginally weaker against US dollar

"The Indian rupee on Monday depleted somewhat against the US dollar, tracking losses in its Asian peers. Local markets have surged 4.3% so far this year."

Local markets have surged 4.3% so far this year. The benchmark Sensex rose 0.28%, or 98.25 points, to 35,609.83.

Bond yield fell after Oil & Natural Gas Corp. Ltd on Saturday said that it will buy government’s stake in Hindustan Petroleum Corp. Ltd (HPCL) for around Rs36,000 crore.

Traders are cautious ahead of the last full-year Union budget on 1 February before the 2019 elections and Reserve Bank of India’s bi-monthly policy on 7 February.

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