Rupee opens 8 paise down at 64.49 against dollar

The rupee on Wednesday opened nearly 8 paise down at 64.49 against dollar on account of buying of American currency by banks and importers.

The local currency on Tuesday settled 9 paise up at 64.41 per dollar.

Foreign portfolio investors stood net buyers in domestic equity markets on Tuesday and bought shares worth Rs 3,003.88 crore with gross purchases and gross sales of Rs 7,524.88 crore and Rs 4,518 crore, respectively.

Meanwhile, benchmark equity indices BSE Sensex and NSE Nifty opened in the green following global cues. The 30-share Sensex was trading 60 points, or 0.18 per cent, up at 33,679 around 9.25 am (IST), while NSE Nifty index was trading 19 points, or 0.19 per cent, up at 10389.65 at around the same time.

Government bonds recovered some of the losses on Tuesday as it had fallen over the past five sessions amid rising crude oil prices and after S&P Global Ratings decided not to upgrade the country’s credit rating. Bonds had gained last week amid expectations of an S&P upgrade, after Moody's Investors Service raised its rating for India on November 17.

The GoI benchmark 6.79% 2027 bond yield fell to 7.03 per cent on November 28 from 7.06 per cent in the previous session.