Rupee opens flat at 64.06 against dollar
NEW DELHI: The rupee opened on a flat note with negative bias at 64.06 per dollar on Tuesday against 64.05 against dollar on Monday.
The local currency on Monday closed higher by 26 paise on account of positive macro data even as exporters aggressively offloaded the American currency.
For today’s trading session, Angel Broking said, “USDINR spot is likely to appreciate on Tuesday as weakness in the DXY amid concerns about cyber-attack worldwide.”
Meanwhile, domestic equity markets opened in green following mixed global cues. The 30-share BSE Sensex opened 69.36 points, or 0.23 per cent, up at 30,391.48, while the 50-share NSE Nifty index opened 15.60 points, or 0.17 per cent, up at 9,461.
Foreign portfolio investors stood net buyers in domestic equity markets on Tuesday and bought shares worth Rs 916.05 crore with gross purchases and gross sales of Rs 4,782.52 crore and Rs 3,866.47 crore, respectively.
Government bonds rose for a second session on Monday, on receding fears of a rate hike after retail inflation growth in April at 2.99 per cent was at least at a five-year low.
The benchmark 6.97% 2026 bond yield declined to 6.81 per cent on Monday from 6.91 per cent in the previous session due to increased hopes of rate cut.
The local currency on Monday closed higher by 26 paise on account of positive macro data even as exporters aggressively offloaded the American currency.
For today’s trading session, Angel Broking said, “USDINR spot is likely to appreciate on Tuesday as weakness in the DXY amid concerns about cyber-attack worldwide.”
Meanwhile, domestic equity markets opened in green following mixed global cues. The 30-share BSE Sensex opened 69.36 points, or 0.23 per cent, up at 30,391.48, while the 50-share NSE Nifty index opened 15.60 points, or 0.17 per cent, up at 9,461.
Foreign portfolio investors stood net buyers in domestic equity markets on Tuesday and bought shares worth Rs 916.05 crore with gross purchases and gross sales of Rs 4,782.52 crore and Rs 3,866.47 crore, respectively.
Government bonds rose for a second session on Monday, on receding fears of a rate hike after retail inflation growth in April at 2.99 per cent was at least at a five-year low.
The benchmark 6.97% 2026 bond yield declined to 6.81 per cent on Monday from 6.91 per cent in the previous session due to increased hopes of rate cut.