Rupee opens 13 paise up at 65.28 against dollar
NEW DELHI: The rupee on Monday opened 13 paise higher at 65.28 against dollar on account of selling of American currency by banks and exporters.
Meanwhile, domestic equity markets opened in red following mixed global cues. The 30-share BSE Sensex opened 75 points, or 0.26 per cent, down at 29,346, while the 50-share NSE Nifty opened 25.25 points, or 0.28 per cent down at 9,082.75.
Amit Gupta, Co –Founder and CEO, TradingBells said, “Robust inflows by foreign institutional investors in both equities and debt market are boosting sentiment in currency market whereas weakness in Dollar index and crude oil is another trigger for strength of rupee. Dollar index may continue to remain under pressure as it has surrendered sacrosanct mark of 100 and continuously trading below this. USDINR pair is likely to remain in 65.25-65.5 range with positive bias.”
Staging a smart rebound after two straight sessions of decline, the rupee on Monday climbed 11 paise to end at 65.41 against the American currency.
Government bond yields fell for a second week, as foreign investors increased bets on emerging market debt amid lingering doubts over US President Donald Trump’s ability to roll out policy reforms ahead of the crucial health care act. The benchmark 6.97% 2026 bond yield remain unchanged at 6.83 per cent on Friday.
According to Angel Broking, markets are still rejoicing the massive win by BJP in the recent state elections which have infused positive sentiments in the markets. This has resulted into huge inflows. On Monday, USDINR spot is likely to appreciate.
Meanwhile, domestic equity markets opened in red following mixed global cues. The 30-share BSE Sensex opened 75 points, or 0.26 per cent, down at 29,346, while the 50-share NSE Nifty opened 25.25 points, or 0.28 per cent down at 9,082.75.
Amit Gupta, Co –Founder and CEO, TradingBells said, “Robust inflows by foreign institutional investors in both equities and debt market are boosting sentiment in currency market whereas weakness in Dollar index and crude oil is another trigger for strength of rupee. Dollar index may continue to remain under pressure as it has surrendered sacrosanct mark of 100 and continuously trading below this. USDINR pair is likely to remain in 65.25-65.5 range with positive bias.”
Staging a smart rebound after two straight sessions of decline, the rupee on Monday climbed 11 paise to end at 65.41 against the American currency.
Government bond yields fell for a second week, as foreign investors increased bets on emerging market debt amid lingering doubts over US President Donald Trump’s ability to roll out policy reforms ahead of the crucial health care act. The benchmark 6.97% 2026 bond yield remain unchanged at 6.83 per cent on Friday.
According to Angel Broking, markets are still rejoicing the massive win by BJP in the recent state elections which have infused positive sentiments in the markets. This has resulted into huge inflows. On Monday, USDINR spot is likely to appreciate.
