Rupee opens 13 paise up at 64.95 against dollar
ETMarkets.com|
Updated: Oct 13, 2017, 09.43 AM IST
The rupee on Friday opened 13 paise up at 64.95 against dollar on account of continued selling of greenback by banks and exporters.
The local currency on Thursday appreciated 6 paise to end at a fresh one-week high of 65.08 against dollar.
According to Angel Broking, USDINR spot is expected to strengthen in Friday’s session as the robust release of industrial production, manufacturing production and inflation data from the nation shall infuse positive sentiments in the markets.
ICICIdirect.com said, “The rupee rose to its highest in over a week against the dollar helped by equity-related inflows and tracking the US currency’s overnight slide after the Federal Reserve’s September meeting minutes reflected policymakers’ concerns over weak inflation.”
The BSE Sensex opened 65.52 points, or 0.20 per cent, up at 32247.74, while NSE Nifty index opened 27.30 points, or 0.27 per cent, up at 10,123.70.
Foreign portfolio investors stood net buyers in domestic equity markets on Thursday as they bought shares worth Rs 869.54 crore with gross purchases and gross sales stood at Rs 6411.40 crore and Rs 5541.86 crore, respectively.
Government bonds fell in the previous trading session, as investors deferred purchases ahead of the key September inflation data. CPI growth fell to 3.28 per cent against market expectation at 3.53 per cent, which could support bonds as well as the rupee.
The GoI benchmark 6.79% 2027 bond yield rose to 6.75 per cent from 6.74 per cent in the previous session.
The local currency on Thursday appreciated 6 paise to end at a fresh one-week high of 65.08 against dollar.
According to Angel Broking, USDINR spot is expected to strengthen in Friday’s session as the robust release of industrial production, manufacturing production and inflation data from the nation shall infuse positive sentiments in the markets.
ICICIdirect.com said, “The rupee rose to its highest in over a week against the dollar helped by equity-related inflows and tracking the US currency’s overnight slide after the Federal Reserve’s September meeting minutes reflected policymakers’ concerns over weak inflation.”
The BSE Sensex opened 65.52 points, or 0.20 per cent, up at 32247.74, while NSE Nifty index opened 27.30 points, or 0.27 per cent, up at 10,123.70.
Foreign portfolio investors stood net buyers in domestic equity markets on Thursday as they bought shares worth Rs 869.54 crore with gross purchases and gross sales stood at Rs 6411.40 crore and Rs 5541.86 crore, respectively.
Government bonds fell in the previous trading session, as investors deferred purchases ahead of the key September inflation data. CPI growth fell to 3.28 per cent against market expectation at 3.53 per cent, which could support bonds as well as the rupee.
The GoI benchmark 6.79% 2027 bond yield rose to 6.75 per cent from 6.74 per cent in the previous session.
