Rupee opens 9 paise lower against US dollar at 64.65
The rupee opened 9 paise down at 64.65 against dollar on Tuesday on account of selling of American currency by banks and exporters amid weak global cues.
Meanwhile, domestic equity markets opened on a flat note following Asian markets. The 50-share NSE Nifty index opened 3.10 points, or 0.03 per cent up at 9,184.55.
For Tuesday trading session, Angel Broking said, “USDINR spot is likely to depreciate as growing geo-political tensions in Middle East and Korean peninsula will prompt traders to play safe.”
The local currency on snapped a three-day winning streak on Monday and closed 28 paise lower at 65.56 against dollar.
According to ICICIdirect.com, the rupee fell for the first time in four sessions against the dollar on Monday, tracking most of its Asian peers, as growing geopolitical tensions hurt investors’ appetite for emerging-market assets.
Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold equities worth Rs 141.74 crore with gross purchases and gross sales of Rs 5199.54 crore and Rs 5341.28 crore, respectively.
Government bonds fell for a fourth day on Monday, with the benchmark note ending near a three-week low, as demand remained subdued amid concerns that the central bank may take measures to drain out excess liquidity in the banking system. The benchmark 6.97% 2026 bond yield surged to 6.87 per cent from 6.82 per cent in the previous session.
Meanwhile, domestic equity markets opened on a flat note following Asian markets. The 50-share NSE Nifty index opened 3.10 points, or 0.03 per cent up at 9,184.55.
For Tuesday trading session, Angel Broking said, “USDINR spot is likely to depreciate as growing geo-political tensions in Middle East and Korean peninsula will prompt traders to play safe.”
The local currency on snapped a three-day winning streak on Monday and closed 28 paise lower at 65.56 against dollar.
According to ICICIdirect.com, the rupee fell for the first time in four sessions against the dollar on Monday, tracking most of its Asian peers, as growing geopolitical tensions hurt investors’ appetite for emerging-market assets.
Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold equities worth Rs 141.74 crore with gross purchases and gross sales of Rs 5199.54 crore and Rs 5341.28 crore, respectively.
Government bonds fell for a fourth day on Monday, with the benchmark note ending near a three-week low, as demand remained subdued amid concerns that the central bank may take measures to drain out excess liquidity in the banking system. The benchmark 6.97% 2026 bond yield surged to 6.87 per cent from 6.82 per cent in the previous session.
