Rupee opens 5 paise lower against US dollar at 65.19
ETMarkets.com|
Updated: Oct 06, 2017, 09.39 AM IST
NEW DELHI: The rupee on Friday opened 5 paise down at 65.19 against dollar on account of buying of American currency by banks and importers.
The local currency on Thursday settled 13 paise down at 65.14. The RBI, meanwhile, fixed the reference rate for the dollar at 65.1758 and for the euro at 76.5685.
Angel Broking said, “USDINR spot is expected to depreciate on account of stronger DXY after some US policymakers made hawkish comments. They believe that the US economy is strong enough to withstand higher interest rates.”
Foreign portfolio investors stood net sellers in domestic equity markets on Thursday and sold shares worth Rs 508.39 crore with gross purchases and gross sales of Rs 3978.08 crore and Rs 4486.47 crore, respectively.
Meanwhile, domestic equity markets started in the green following mixed global cues. The BSE Sensex opened 41 points, or 0.13 per cent, up at 31633, while NSE Nifty index opened 14.45 points, or 0.20 per cent, up at 9,908.
Government bonds fell for a second day on Thursday, with the benchmark note settling at an all-time low, as investors booked profit amid little hopes of monetary easing in the near term.
The GoI benchmark 6.79% 2027 bond yield rose to 6.73 per cent on Thursday from 6.70 per cent in the previous session.
The local currency on Thursday settled 13 paise down at 65.14. The RBI, meanwhile, fixed the reference rate for the dollar at 65.1758 and for the euro at 76.5685.
Angel Broking said, “USDINR spot is expected to depreciate on account of stronger DXY after some US policymakers made hawkish comments. They believe that the US economy is strong enough to withstand higher interest rates.”
Foreign portfolio investors stood net sellers in domestic equity markets on Thursday and sold shares worth Rs 508.39 crore with gross purchases and gross sales of Rs 3978.08 crore and Rs 4486.47 crore, respectively.
Meanwhile, domestic equity markets started in the green following mixed global cues. The BSE Sensex opened 41 points, or 0.13 per cent, up at 31633, while NSE Nifty index opened 14.45 points, or 0.20 per cent, up at 9,908.
Government bonds fell for a second day on Thursday, with the benchmark note settling at an all-time low, as investors booked profit amid little hopes of monetary easing in the near term.
The GoI benchmark 6.79% 2027 bond yield rose to 6.73 per cent on Thursday from 6.70 per cent in the previous session.
