Rupee opens 3 paise higher against US dollar at 65.65
ETMarkets.com|
Nov 07, 2017, 09.38 AM IST
NEW DELHI: The rupee on Tuesday opened 3 paise up at 64.65 a dollar on account of buying of American currency by corporates and banks.
The local currency on Monday settled at 64.68 a dollar, down 13 paise against the previous close.
Foreign portfolio investors stood net buyers in domestic equity markets on Monday and bought shares worth Rs 448.39 crore with gross purchases and gross sales of Rs 4688.52 crore and Rs 4240.13 crore, respectively.
Angel Broking said, “USD-INR spot shall appreciate in Tuesday’s trading session tracking gains in the Asian market currencies as US President Donald Trump tackles trade on his Asia tour.”
Meanwhile, domestic equity markets opened higher following global cues. The BSE Sensex opened 49.82 points, or 0.15 per cent, at 33,781, while NSE Nifty index opened 25.35 points, or 0.24 per cent, up at 10,477.
Government bonds slumped amid concerns rising crude oil prices may stoke inflation, which could ruin prospects of a rate cut in near future.
The GoI benchmark 6.79% 2027 bond yield rose to 6.89 per cent on Monday from 6.86 per cent in the previous session.
The local currency on Monday settled at 64.68 a dollar, down 13 paise against the previous close.
Foreign portfolio investors stood net buyers in domestic equity markets on Monday and bought shares worth Rs 448.39 crore with gross purchases and gross sales of Rs 4688.52 crore and Rs 4240.13 crore, respectively.
Angel Broking said, “USD-INR spot shall appreciate in Tuesday’s trading session tracking gains in the Asian market currencies as US President Donald Trump tackles trade on his Asia tour.”
Meanwhile, domestic equity markets opened higher following global cues. The BSE Sensex opened 49.82 points, or 0.15 per cent, at 33,781, while NSE Nifty index opened 25.35 points, or 0.24 per cent, up at 10,477.
Government bonds slumped amid concerns rising crude oil prices may stoke inflation, which could ruin prospects of a rate cut in near future.
The GoI benchmark 6.79% 2027 bond yield rose to 6.89 per cent on Monday from 6.86 per cent in the previous session.
