Mumbai: The Indian rupee on Thursday weakened in opening trade against the U.S. dollar from its previous close.

At 9.08am, the home currency was trading at 65.10, down 0.22 percent from its previous close of 64.96. The local unit opened at 65.07 per U.S. dollar.

Most Asian currencies were trading mixed. South Korean was up 0.28 percent, Philippines peso 0.25 percent, China renminbi 0.08 percent and Japanese yen 0.07 percent. However, Taiwan dollar was down 0.42 percent, Indonesian rupiah 0.27 percent, Malaysian ringgit 0.14 percent and Thai baht fell 0.14 percent.

India on 12 October will pay another $700 million to Iran to clear a part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers, PTI reported. This is likely to create an increased dollar outgo, weakening the rupee.

The benchmark Sensex index rose 0.2 percent or 53.20 points to 27,089.05 points. Since the Reserve Bank of India (RBI) has cut rates by 50 basis points, the Sensex gained over 1,400 points or 5.54 percent. Since 1 October to 6 October, foreign institutional investors (FIIs) bought equities worth $221.21 million.

The yield on India’s 10-year benchmark bond was trading at 7.545 percent compared with its Wednesday’s close of 7.542 percent. Bond yields and prices move in opposite directions.

Since the beginning of this year, the rupee has lost 3.06 percent, while FIIs have bought $3.83 billion from local equity and $6.32 billion from bond markets.

The dollar index, which measures the U.S. currency’s strength against major currencies, was trading at 95.52, up 0.02 percent from its previous close of 95.497.