Rupee opens 7 paise down at 65.14 against dollar
ETMarkets.com|
Updated: Oct 25, 2017, 10.06 AM IST
The rupee on Wednesday opened 7 paise down at 65.14 against dollar on fresh bouts of demand for the American currency from corporates and banks.
The local currency on Tuesday settled 5 paise down at 65.07 against dollar.
Meanwhile, domestic equity markets opened at record high on Wednesday after the Union Cabinet on Tuesday announced various measures to boost economy. Buoyant Asian stocks further supported benchmark equity indices in the opening trade.
The BSE Sensex was trading 479.57 points, or 1.47 per cent, up at 33086.91, while NSE Nifty index was up 115 points, or 1.13 per cent, at 10,322.85.
Indian sovereign bonds rose after comments from government officials to stick to fiscal consolidation roadmap, exceed disinvestment revenue target for this fiscal and expectations of keeping retail inflation below 4 per cent.
The GoI benchmark 6.79% 2027 bond yield declined to 6.78 per cent on Tuesday from 6.80 per cent in the previous session.
The local currency on Tuesday settled 5 paise down at 65.07 against dollar.
Meanwhile, domestic equity markets opened at record high on Wednesday after the Union Cabinet on Tuesday announced various measures to boost economy. Buoyant Asian stocks further supported benchmark equity indices in the opening trade.
The BSE Sensex was trading 479.57 points, or 1.47 per cent, up at 33086.91, while NSE Nifty index was up 115 points, or 1.13 per cent, at 10,322.85.
Indian sovereign bonds rose after comments from government officials to stick to fiscal consolidation roadmap, exceed disinvestment revenue target for this fiscal and expectations of keeping retail inflation below 4 per cent.
The GoI benchmark 6.79% 2027 bond yield declined to 6.78 per cent on Tuesday from 6.80 per cent in the previous session.
