Rupee opens 2 paise down at 64.30 against dollar
The rupee opened 2 paise down at 64.30 against dollar on account of buying of American currency by bank and exporters.
Meanwhile, domestic equity markets opened in green tracking mixed global cues. The 30-share BSE Sensex opened 46.01 points, or 0.15 per cent, up at 29752.62, while the 50-share NSE Nifty index opened 27.30 points, or 0.30 per cent, up at 9225.60.
For Monday’s movement of rupee, Nirmal Bang Commodities in a research note said, “USD-INR is expected to trade with a sideways movement during the day. Trading in the expected intraday range of 64.30 – 64.52 is recommended.”
The local currency on Friday surged 24 paise to close at a fresh 20-month high of 64.28.
Foreign portfolio investors bought shares worth Rs 440.37 crore on Friday with gross purchases and gross sales of Rs 5,331.32 and Rs 4,890.95 crore, respectively.
Government yields rose last week, with the yield on the benchmark note posting its biggest gain in four weeks, after the central bank said it will use some tools to absorb excess liquidity in the banking system.
The benchmark 6.97% 2026 bond yield surged to 6.82 per cent on Friday from 6.77 per cent in the previous session.
Angel Broking believes USDINR spot is expected to appreciate in Monday’s trading session.
Meanwhile, domestic equity markets opened in green tracking mixed global cues. The 30-share BSE Sensex opened 46.01 points, or 0.15 per cent, up at 29752.62, while the 50-share NSE Nifty index opened 27.30 points, or 0.30 per cent, up at 9225.60.
For Monday’s movement of rupee, Nirmal Bang Commodities in a research note said, “USD-INR is expected to trade with a sideways movement during the day. Trading in the expected intraday range of 64.30 – 64.52 is recommended.”
The local currency on Friday surged 24 paise to close at a fresh 20-month high of 64.28.
Foreign portfolio investors bought shares worth Rs 440.37 crore on Friday with gross purchases and gross sales of Rs 5,331.32 and Rs 4,890.95 crore, respectively.
Government yields rose last week, with the yield on the benchmark note posting its biggest gain in four weeks, after the central bank said it will use some tools to absorb excess liquidity in the banking system.
The benchmark 6.97% 2026 bond yield surged to 6.82 per cent on Friday from 6.77 per cent in the previous session.
Angel Broking believes USDINR spot is expected to appreciate in Monday’s trading session.
