Rupee opens 4 paise higher at 65.48 against US dollar
The rupee opened nearly 4 paise higher at 65.48 against dollar on Friday on account of some selling of American currency by banks and exporters.
Meanwhile, domestic equity markets opened on a flat note following mixed global cues. The 30-share BSE Sensex opened 18.44 points, or 0.06 per cent, up at 29,350.60, while the 50-share NSE Nifty index opened 17.70 points, or 0.19 per cent, up at 9,104.
The local currency on Thursday stood volatile for the second-straight session and closed 8 paise down at 65.52 against the US currency.
Market participants are in a wait-and-watch mode on US President Donald Trump's ability to deliver on his policy promises, given the various setbacks his administration is facing to push through the healthcare bill.
Angel Broking in a research note said, “Investors fear that Trump’s failure to repeal Obamacare may mean his pro-growth tax reform policies would hit a roadblock. USD-INR spot is likely to depreciate on Friday following mixed trading in Asian market equities.”
Foreign portfolio investors stood net buyers in domestic equity markets on Thursday as they bought shares worth Rs 210.57 crore with gross purchases and gross sales of Rs 6619.87 crore and Rs 6409.30 crore, respectively, according to the data available with depository NSDL.
Government bonds fell for the first time in three days on Thursday, as investors booked profit after persistent declines in US treasury yields ahead of status of a crucial Healthcare Act decision in the US. The benchmark 6.97% 2026 bond yield rose mildly to 6.83 per cent from 6.82 per cent in the previous day.
Meanwhile, domestic equity markets opened on a flat note following mixed global cues. The 30-share BSE Sensex opened 18.44 points, or 0.06 per cent, up at 29,350.60, while the 50-share NSE Nifty index opened 17.70 points, or 0.19 per cent, up at 9,104.
The local currency on Thursday stood volatile for the second-straight session and closed 8 paise down at 65.52 against the US currency.
Market participants are in a wait-and-watch mode on US President Donald Trump's ability to deliver on his policy promises, given the various setbacks his administration is facing to push through the healthcare bill.
Angel Broking in a research note said, “Investors fear that Trump’s failure to repeal Obamacare may mean his pro-growth tax reform policies would hit a roadblock. USD-INR spot is likely to depreciate on Friday following mixed trading in Asian market equities.”
Foreign portfolio investors stood net buyers in domestic equity markets on Thursday as they bought shares worth Rs 210.57 crore with gross purchases and gross sales of Rs 6619.87 crore and Rs 6409.30 crore, respectively, according to the data available with depository NSDL.
Government bonds fell for the first time in three days on Thursday, as investors booked profit after persistent declines in US treasury yields ahead of status of a crucial Healthcare Act decision in the US. The benchmark 6.97% 2026 bond yield rose mildly to 6.83 per cent from 6.82 per cent in the previous day.
