Rupee hits 65 mark for first time since Oct 2015
NEW DELHI: Scaling 65 level for the first time since October 2015, the rupee strengthened 8 paise against the dollar in early trade on Wednesday, led by dollar selling by banks and exporters amid surge in foreign inflows.
At 64.96 level, the currency was trading above 65-mark against dollar for the first time since October 28, 2015, ahead of scheduled discussion on GST legislations in Lok Sabha later in the day.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 6,415.38 crore Tuesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 356.23 crore.
Meanwhile, domestic equity markets opened higher following firm Asian cues. The BSE Sensex was trading 77 points up, or 0.26 per cent, at 29486.59, while the NSE Nifty index was up 23.90 points, or 0.26 per cent, at 9,124.70.
The local currency on Monday zoomed by 37 paise to 65.04 against dollar. Currency markets were closed on Tuesday on account of Gudi Padwa.
Government bond posted gains as yields fell in the previous session due to the US healthcare debacle. ICICIDirect.com in a research note said, “We see limited gains in debt ahead of the central bank’s monetary policy next week.”
The benchmark 6.97% 2026 bond yield fell to 6.71 per cent from 6.83 per cent in the previous session.
At 64.96 level, the currency was trading above 65-mark against dollar for the first time since October 28, 2015, ahead of scheduled discussion on GST legislations in Lok Sabha later in the day.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 6,415.38 crore Tuesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 356.23 crore.
Meanwhile, domestic equity markets opened higher following firm Asian cues. The BSE Sensex was trading 77 points up, or 0.26 per cent, at 29486.59, while the NSE Nifty index was up 23.90 points, or 0.26 per cent, at 9,124.70.
The local currency on Monday zoomed by 37 paise to 65.04 against dollar. Currency markets were closed on Tuesday on account of Gudi Padwa.
Government bond posted gains as yields fell in the previous session due to the US healthcare debacle. ICICIDirect.com in a research note said, “We see limited gains in debt ahead of the central bank’s monetary policy next week.”
The benchmark 6.97% 2026 bond yield fell to 6.71 per cent from 6.83 per cent in the previous session.
